Studying the impacts of federal funding on residential smart M=meter adoption and utilities' performance in the U.S.: A simultaneous equation approach
Document Type
Conference Paper
Abstract
As a key component in smart cities, smart grid aligns the energy supply and demand, promotes more efficient use of energy, and encourages consumer awareness in energy saving. A key technological piece of a smart grid is the smart meter that allows two-way communication between consumers and utility companies. This paper uses a simultaneous equation approach to study the impacts of federal funding on smart meter adoption and utilities' performance in the U.S residential sector. Our findings suggest that the federal funding is a stimulus inducing smart meter adoption that allows for improved energy efficiency and reduced peak load demands. This study provides empirical evidence on the positive impact of public funding as an effective policy instrument for smart meter adoptions, and it offers policy implications for infrastructure modernization the U.S.
Publication Title
ACM International Conference Proceeding Series
Publication Date
2021
First Page
416
Last Page
423
ISBN
9781450384926
DOI
10.1145/3463677.3463739
Keywords
datasets, simultaneous equations model, smart city, sustainability, two-stage least squares
Repository Citation
Gao, Yue and Zhang, Jing, "Studying the impacts of federal funding on residential smart M=meter adoption and utilities' performance in the U.S.: A simultaneous equation approach" (2021). School of Management. 3.
https://commons.clarku.edu/faculty_school_of_management/3
Copyright
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Gao, Yue, and Jing Zhang. "Studying the Impacts of Federal Funding on Residential Smart Meter Adoption and Utilities’ Performance in the US: A Simultaneous Equation Approach." DG. O2021: The 22nd Annual International Conference on Digital Government Research. 2021.