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The smart grid and residential electricity use: What we know, what we don’t, and the case for collaborating with academic researchers
Thursday, 08 December 2011, 12:30pm to 2:00pm
The smart grid and residential electricity use: What we know, what we don’t, and the case for collaborating with academic researchers.
Prof. David Rapson, University of California, Davis.
Thursday 8th December, 12.30-2.00pm
Old Government House, Women’s Federation room, cnr Waterloo Quadrant & Princes Street Auckland
Download the printable flyer here
Abstract
When it comes to electricity use, people don’t respond to price as much as many might expect. At the same time, behavioral nudges and technological defaults have been shown to produce meaningful demand responses. New technologies that comprise the so-called “Smart Grid” offer several opportunities to leverage these insights into behavioral change. However, translating these insights into policy is fraught with potential pitfalls. In this talk I will discuss how to make the most out of these new technologies (or, more precisely, how to figure out how to make the most of them). I will show why randomized field experiments are invaluable in this setting, and explain why regulators and public utilities stand to benefit immensely from collaborating with academics on research design.
Biography
David Rapson joined the Economics Department at UC Davis in 2008. Professor Rapson specializes in the fields of industrial organization, energy and the environment, with a focus on how to achieve economic efficiency in energy markets. His research includes several collaborative studies with regulated utilities. These include the evaluation of dynamic pricing regimes, carbon offset programs, and the design and analysis of a large-scale randomized field experiment to test the effectiveness of Home Area Network technology (the customer-facing side of the “Smart Grid”). Professor Rapson received his A.B. from Dartmouth College in 1999, an M.A. in economics from Queen’s University, and a Ph.D. in economics from Boston University in 2008.
David Hensher is Professor of Management and Founding Director of the Institute of Transport and Logistics Studies (ITLS) at the University of Sydney. He is on the editorial boards of 10 of the leading transport journals and Area Editor of Transport Reviews. He is also series and volume editor of a handbook series “Handbooks in Transport”. David has published extensively (over 435 papers) in the leading international transport journals and key journals in economics as well as 12 books.
Arthur has a BSocSc(Hons) from University of Waikato, and completed his PhD in Economics at the London School of Economics in 1987. He is currently Senior Fellow at Motu Research, Chair of the Board of the Reserve Bank, Chair of the Hugo Group and Adjunct Professor of Economics at the University of Waikato. He previously had prominent roles as Director of the Institute of Policy Studies, Victoria University of Wellington, and at the Reserve Bank of New Zealand and National Bank of New Zealand.
Dr E. Somanathan is a professor and head of the Planning Unit at the Indian Statistical Institute. His research interests include evolutionary models of behaviour, focussed on environmental and development economics. Professor Somanathan received his PhD from Harvard University.
Philip McCann is Professor of Economic Geography at the University of Groningen, The Netherlands, and also Professor of Economics at the University of Waikato. Philip is one of the world’s most highly cited spatial economists and economic geographers of his generation and has won various international awards and accolades for his research. Professor McCann has published some one hundred books, journal articles and book chapters in a range of economics, regional science, >and engineering journals. His book Urban and Regional Economics, 2001, Oxford University Press is the world’s best-selling book in the field, is used in over twenty countries, and has already been translated into Greek, Korean, Japanese and Chinese. In addition, two of Professor McCann’s other books have been translated into Japanese.
Shaun Coffey has had extensive involvement in leading research and development enterprises in Australia and New Zealand. An agricultural scientist by training, his recent interests have included the application of complex systems science and the redesign of animal agriculture systems. Shaun joined IRL from CSIRO Australia in 2006 and has focused on returning the company to its core purpose and restoring financial stability. Shaun is an Adjunct Professor at the University of Queensland.