scholarly journals CONSUMER PREFERENCES AND SWITCHING BEHAVIOR: AN EXPERIMENTAL TESTING OF STATUS QUO EFFECTS IN THE ELECTRICITY MARKET

2017 ◽  
Author(s):  
FABIAN GRABICKI ◽  
ROLAND MENGES
Keyword(s):  
Electricity Market ◽  
Consumer Preferences ◽  
Experimental Testing ◽  
Status Quo ◽  
Switching Behavior

Consumer Responsibility and the Transformation Process of the Electricity Market: Insights From Behavioral Decision ResearchDate submitted: October 27, 2017Revised version accepted after double blind review: November 11, 2018

2019 ◽  
Vol 30 (2-3) ◽  
pp. 312-330
Author(s):  
Fabian Grabicki ◽  
Roland Menges
Keyword(s):  
Decision Making ◽  
Electricity Market ◽  
Status Quo ◽  
Switching Behavior ◽  
Status Quo Bias ◽  
Individual Choice ◽  
Double Blind ◽  
The Status ◽  
Decision Making Rule ◽  
Experimental Group

Since the 1990s, consumer research has looked for causes that could explain the absence of switching behavior of electricity consumers in liberalized electricity markets. Recent decision theory findings suggest that this absence of switching behavior is due to the so-called status quo bias. The status quo bias reflects the tendency of individuals to prefer the actual situation disproportionately (Samuelson & Zeckhauser, 1988). Using the insights of this particular bias, an economic experiment was designed to empirically test the influence of the status quo bias. In a choice-based conjoint analysis, subjects were repeatedly offered different variations of electricity contracts. 300 subjects were randomly assigned to either the control or the experimental group in four different treatments. In each of a total 15 decision-making situations, one electricity contract had to be chosen from the five different electricity contracts available. The only variation between the control and the experimental groups was that, in each decision situation of the three different status quo treatments, always one of the five electricity contracts was preselected by default. In accordance with a specific decision-making rule, this was always either the most renewable, the most local or the most expensive electricity contract. The results show significant differences between the control and the experimental group with respect to the part-worth utilities and the relative importance of the attributes. In contrast to the expectations of the model of rational choice, the type of framing of the choice task, whether an electricity contract was preselected by default as a status quo or not, seemed to influence the decision behavior of the subjects. The results are criticized as to whether competition in the liberalized electricity market is a suitable instrument to promote climate and infrastructure projects in the long term by the individual choice of electricity consumers, or whether political measures that are brought about by a collective decision should be preferred.

Application of Coordinated Regulation in Ensuring the Sustainability of China’s Power Sector

2012 ◽  
Vol 516-517 ◽  
pp. 1265-1271
Author(s):  
Xin Zhe Yin ◽  
Shou Jun Huang ◽  
Song Lin Tang ◽  
Yu Long Ren
Keyword(s):  
Energy Efficiency ◽  
Electricity Market ◽  
Status Quo ◽  
Power Sector ◽  
Coordination Theory ◽  
Regulation Scheme ◽  
Social Interests ◽  
The Status ◽  
Coordinated Regulation ◽  
Electricity Regulation

A new methodology-coordinated electricity regulation is presented with coordination theory and multi-principal theory. Then a new coordinated regulation scheme is designed based on the new methodology and the status quo of China’s electricity regulation. At last, paper gives further recommends on improving China’s electricity regulation, such as establishing and ensuring the competitive electricity market, protecting environment, promoting energy efficiency, protecting social interests, etc.

OPTIMAL ENVIRONMENTAL POLICIES AND RENEWABLE ENERGY INVESTMENT: EVIDENCE FROM THE TEXAS ELECTRICITY MARKET

2016 ◽  
Vol 07 (04) ◽  
pp. 1650010 ◽  
Author(s):  
WICHSINEE WIBULPOLPRASERT
Keyword(s):  
Renewable Energy ◽  
Electricity Market ◽  
Policy Instruments ◽  
Cost Effective ◽  
Status Quo ◽  
Environmental Benefits ◽  
Welfare Gain ◽  
Energy Investment ◽  
Welfare Benefits ◽  
The Status

Renewable electricity subsidies have been popular policy instruments to combat climate change because of their ability to offset emissions. This paper studies the long-run welfare benefits of optimizing the design of the existing renewable energy subsidy (the status quo) in the presence of heterogeneity in the offset emissions. In particular, I measure the welfare gain from differentiating renewable subsidies across location and time to reflect the environmental benefits from emissions offset in the context of wind energy in the Texas electricity market. I find that the welfare gain from differentiation is small compared to the gain already achieved under the status quo subsidy. In contrast, the optimal emissions tax yields much larger welfare gain because it engages in other cost-effective emissions abatement channels that renewable energy subsidies do not: namely, demand conservation and cross-plant fuel substitution.

scholarly journals Electricity Market Coupling in Europe: Status Quo and Future Challenges

2020 ◽  
pp. 93-120
Author(s):  
Roland Füss ◽  
Steffen Mahringer ◽  
Marcel Prokopczuk
Keyword(s):  
Electricity Market ◽  
Status Quo ◽  
Future Challenges ◽  
Market Coupling

scholarly journals IDENTIFIKASI POTENSI NASABAH BARU BANK SYARIAH DITINJAU DARI CUSTOMER SWITCHING INTENTION

2018 ◽  
Vol 3 (2) ◽  
pp. 168
Author(s):  
Aqidah Asri Suwarsi ◽  
Nanda Putri Wulandari
Keyword(s):  
Consumer Preferences ◽  
Sales Promotion ◽  
Switching Behavior ◽  
Primary Data ◽  
Snowball Sampling ◽  
Variety Seeking ◽  
Extrinsic Factors ◽  
Intrinsic Factors ◽  
Brand Quality ◽  
Customer Switching

This research aims to identify potential new customers Syariah banking regarding factors that cause the customer has customer switching intention. The research methodology used is a naturalistic approach to qualitative research. Researchers using primary data sources with the techniques of data collection via an in-depth interview. The subjects of this study are the conventional banking that has customer switching intention to Islamic banks. The method of the validity used is the using the extension of observation, whereas his credibility using triangular theory. The dwarf in the taking of the sample used was snowball sampling. Researchers using the method of analysis of Milles and Huberman, namely the reduction of data, data display, conclusion. Results found in this study is the potential of the new Islamic bank clients can be identified through the factors that cause the customer switching behavior intention is extrinsic factors include; sales promotion and brand quality and intrinsic factors include: variety seeking, consumer loyalty, the perception of consumers, consumer preferences, attitudes, knowledge of consumers, quality of service and religiosity.Keywords: Customer switching intention, Variety Seeking ,Consumer perception, Consumer knowledge , Religiousity

scholarly journals The Status quo and Issue of the Guangdong Electricity Market

2019 ◽  
Vol 612 ◽  
pp. 042074
Author(s):  
Qian Sun ◽  
Geng Wu ◽  
Lin Tian ◽  
Pengfei Fan ◽  
Yuanming Huang ◽  
...  
Keyword(s):  
Electricity Market ◽  
Status Quo ◽  
The Status
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