Studying the impacts of federal funding on residential smart M=meter adoption and utilities' performance in the U.S.: A simultaneous equation approach
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.
ACM International Conference Proceeding Series
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.
Permission to make digital or hard copies of all or part of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than ACM must be honored. Abstracting with credit is permitted. To copy otherwise, or republish, to post on servers or to redistribute to lists, requires prior specific permission and/or a fee. Request permissions from firstname.lastname@example.org.
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.