Electricity Prices and Consumer Behavior, Case Study Serbia—Randomized Control Trials Method †
Abstract
:1. Introduction
2. Methodology of the Research
2.1. Randomized Control Trials (RCT) Method
- Households in buildings with district heating,
- Households in smaller and older buildings without district heating, where electricity is mainly used for heating, and
- Households in suburbs, mainly houses, where various energy sources are used for heating (electricity, wood, etc.).
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- Electricity is often used for heating purposes in Serbia. There are no official data of the number of households to use electricity for heating in Serbia.
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- Heating participates to a large extent of energy consumption in Serbia. There is no official quantification of this matter either.
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- Way of heating is not the choice of the household, but rather is consequence of location of the household and available infrastructure.
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- Price of electricity is at the low or lowest level in Europe for decades.
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- Price of electricity has been seen as a social, rather than economical, category in Serbia for decades.
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- District heating covers only 10% of the households in Serbia, with no signs of increase (no investments planned).
- -
- Use of natural gas for heating is limited because absence of infrastructure and high natural gas prices for the consumers.
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- Investment in other sources of heating (RES, heating pumps, or similar) are too high for the average household in Serbia, with no significant support by the Government.
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- Improvement of energy efficiency in Serbia is minor, reasons of which should be subject of future comprehensive study.
2.2. Difference in Differences (DnD) Method
3. Results and Discussion
3.1. Data Analysis
3.2. Results of Difference in Difference Method Application
4. Conclusions
Author Contributions
Funding
Data Availability Statement
Acknowledgments
Conflicts of Interest
References
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Y | X | T | XT | |
---|---|---|---|---|
Variables | Average Electricity in Three Groups of Households | (1—Experimental Group, 0—Control Group) | (1—Experimental Group after Instructions, 0—Others | |
Households that use electricity for heating | ||||
January 2019 | 841 | 0 | 0 | 0 |
February 2019 | 973 | 1 | 0 | 0 |
March 2019 | 609 | 0 | 1 | 0 |
April 2019 | 722 | 1 | 1 | 1 |
Households that have district heating | ||||
January 2019 | 385 | 0 | 0 | 0 |
February 2019 | 381 | 1 | 0 | 0 |
March 2019 | 248 | 0 | 1 | 0 |
April 2019 | 348 | 1 | 1 | 1 |
Households that use mix of energy sources for heating | ||||
January 2019 | 740 | 0 | 0 | 0 |
February 2019 | 804 | 1 | 0 | 0 |
March 2019 | 623 | 0 | 1 | 0 |
April 2019 | 669 | 1 | 1 | 1 |
Source | SS | df | MS | Observation number = 12 F (3, 8) = 0.4 Prob > F = 0.7599 R squared = 0.1291 Adj. R squared = −0.1972 ROOT Mse = 232.13 | ||||||
Model | 63,967.4333 | 3 | 21,321.778 | |||||||
Residual | 431,127.666 | 8 | 53,891.7333 | |||||||
TOTAL | 495,096 | 11 | 45,009.6363 | |||||||
Predictors | Coef. | Std. | t | p > t | 95% Conf. Interval | |||||
X | 67 | 188.5448 | 0.35 | 0.833 | −370.092 | 505.092 | ||||
T | 124.333 | 188.5448 | −0.66 | 0.528 | −563.4245 | 310.7677 | ||||
XT | 16 | 269.0569 | −0.66 | 0.955 | −633.1402 | 601.1402 | ||||
β0 | 651.468 | 133.0283 | 4.88 | 0.001 | 343.5866 | 962.7366 |
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Podbregar, I.; Filipović, S.; Radovanović, M.; Mirković Isaeva, O.; Šprajc, P. Electricity Prices and Consumer Behavior, Case Study Serbia—Randomized Control Trials Method. Energies 2021, 14, 591. https://doi.org/10.3390/en14030591
Podbregar I, Filipović S, Radovanović M, Mirković Isaeva O, Šprajc P. Electricity Prices and Consumer Behavior, Case Study Serbia—Randomized Control Trials Method. Energies. 2021; 14(3):591. https://doi.org/10.3390/en14030591
Chicago/Turabian StylePodbregar, Iztok, Sanja Filipović, Mirjana Radovanović, Olga Mirković Isaeva, and Polona Šprajc. 2021. "Electricity Prices and Consumer Behavior, Case Study Serbia—Randomized Control Trials Method" Energies 14, no. 3: 591. https://doi.org/10.3390/en14030591
APA StylePodbregar, I., Filipović, S., Radovanović, M., Mirković Isaeva, O., & Šprajc, P. (2021). Electricity Prices and Consumer Behavior, Case Study Serbia—Randomized Control Trials Method. Energies, 14(3), 591. https://doi.org/10.3390/en14030591