Consumers' preferences regarding the security of supply (SoS) of
electricity are generally assessed through economic estimates of the
value of lost load. However, this,monodisciplinary approach typically
builds on homo oeconomicus assumptions and neglects consumers'
nonmonetary evaluations of SoS. This can result in short-sighted
regulation, especially in the context of a transition like Germany's
Energiewende. This paper provides a consumer-centered perspective on SoS
employing psychological and sociological research on energy. German
consumers' strong involvement in the Energiewende and their strong
commitment to it make them a fascinating case. To determine the
practical implications, we explore under what circumstances altered
levels of SoS could be acceptable to consumers. (C) 2016 Elsevier Ltd.
All rights reserved.
THE BOULEVARD, LANGFORD LANE, KIDLINGTON, OXFORD OX5 1GB, OXON, ENGLAND
year
2016
month
OCT
journal
UTILITIES POLICY
pages
74-84
publisher
ELSEVIER SCI LTD
volume
42
type
Article
author-email
sophia.becker@sowi.uni-stuttgart.de
issn
0957-1787
keywords-plus
ENERGY SECURITY; POWER INTERRUPTIONS; PRIVATE HOUSEHOLDS; NEED
HIERARCHY; UNITED-STATES; OUTAGE COSTS; RELIABILITY; CONSUMPTION; PEAK;
ENVIRONMENT
funding-acknowledgement
Helmholtz Alliance ENERGY TRANS
research-areas
Energy & Fuels; Environmental Sciences & Ecology
eissn
1878-4356
number-of-cited-references
73
affiliation
Becker, S (Reprint Author), Univ Stuttgart, Stuttgart Res Ctr Interdisciplinary Risk & Innova, Seidenstr 36, D-70174 Stuttgart, Germany.
Becker, Sophia; Wassermann, Sandra, Univ Stuttgart, Stuttgart Res Ctr Interdisciplinary Risk & Innova, Seidenstr 36, D-70174 Stuttgart, Germany.
Schober, Dominik, Ctr European Econ Res ZEW, L7 1, D-68161 Mannheim, Germany.
web-of-science-categories
Energy & Fuels; Environmental Sciences; Environmental Studies
language
English
funding-text
This paper was supported by the Helmholtz Alliance ENERGY TRANS. The
authors would like to thank their colleagues for the helpful feedback
and inspiring discussion on the topic at various interdisciplinary
ENERGY TRANS workshops.
%0 Journal Article
%1 ISI:000388051500009
%A Becker, Sophia
%A Schober, Dominik
%A Wassermann, Sandra
%C THE BOULEVARD, LANGFORD LANE, KIDLINGTON, OXFORD OX5 1GB, OXON, ENGLAND
%D 2016
%I ELSEVIER SCI LTD
%J UTILITIES POLICY
%K Consumer Energy behavior; of supply; transition} {Security
%P 74-84
%R 10.1016/j.jup.2016.06.012
%T How to approach consumers' nonmonetary evaluation of electricity supply
security? The case of Germany from a multidisciplinary perspective
%V 42
%X Consumers' preferences regarding the security of supply (SoS) of
electricity are generally assessed through economic estimates of the
value of lost load. However, this,monodisciplinary approach typically
builds on homo oeconomicus assumptions and neglects consumers'
nonmonetary evaluations of SoS. This can result in short-sighted
regulation, especially in the context of a transition like Germany's
Energiewende. This paper provides a consumer-centered perspective on SoS
employing psychological and sociological research on energy. German
consumers' strong involvement in the Energiewende and their strong
commitment to it make them a fascinating case. To determine the
practical implications, we explore under what circumstances altered
levels of SoS could be acceptable to consumers. (C) 2016 Elsevier Ltd.
All rights reserved.
@article{ISI:000388051500009,
abstract = {{Consumers' preferences regarding the security of supply (SoS) of
electricity are generally assessed through economic estimates of the
value of lost load. However, this,monodisciplinary approach typically
builds on homo oeconomicus assumptions and neglects consumers'
nonmonetary evaluations of SoS. This can result in short-sighted
regulation, especially in the context of a transition like Germany's
Energiewende. This paper provides a consumer-centered perspective on SoS
employing psychological and sociological research on energy. German
consumers' strong involvement in the Energiewende and their strong
commitment to it make them a fascinating case. To determine the
practical implications, we explore under what circumstances altered
levels of SoS could be acceptable to consumers. (C) 2016 Elsevier Ltd.
All rights reserved.}},
added-at = {2017-05-18T11:32:12.000+0200},
address = {{THE BOULEVARD, LANGFORD LANE, KIDLINGTON, OXFORD OX5 1GB, OXON, ENGLAND}},
affiliation = {{Becker, S (Reprint Author), Univ Stuttgart, Stuttgart Res Ctr Interdisciplinary Risk \& Innova, Seidenstr 36, D-70174 Stuttgart, Germany.
Becker, Sophia; Wassermann, Sandra, Univ Stuttgart, Stuttgart Res Ctr Interdisciplinary Risk \& Innova, Seidenstr 36, D-70174 Stuttgart, Germany.
Schober, Dominik, Ctr European Econ Res ZEW, L7 1, D-68161 Mannheim, Germany.}},
author = {Becker, Sophia and Schober, Dominik and Wassermann, Sandra},
author-email = {{sophia.becker@sowi.uni-stuttgart.de}},
biburl = {https://puma.ub.uni-stuttgart.de/bibtex/21c945f5f5b05381bdb9a84f00e20cc2b/hermann},
doi = {{10.1016/j.jup.2016.06.012}},
eissn = {{1878-4356}},
funding-acknowledgement = {{Helmholtz Alliance ENERGY TRANS}},
funding-text = {{This paper was supported by the Helmholtz Alliance ENERGY TRANS. The
authors would like to thank their colleagues for the helpful feedback
and inspiring discussion on the topic at various interdisciplinary
ENERGY TRANS workshops.}},
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issn = {{0957-1787}},
journal = {{UTILITIES POLICY}},
keywords = {Consumer Energy behavior; of supply; transition} {Security},
keywords-plus = {{ENERGY SECURITY; POWER INTERRUPTIONS; PRIVATE HOUSEHOLDS; NEED
HIERARCHY; UNITED-STATES; OUTAGE COSTS; RELIABILITY; CONSUMPTION; PEAK;
ENVIRONMENT}},
language = {{English}},
month = {{OCT}},
number-of-cited-references = {{73}},
pages = {{74-84}},
publisher = {{ELSEVIER SCI LTD}},
research-areas = {{Energy \& Fuels; Environmental Sciences \& Ecology}},
times-cited = {{0}},
timestamp = {2017-05-18T09:32:12.000+0200},
title = {{How to approach consumers' nonmonetary evaluation of electricity supply
security? The case of Germany from a multidisciplinary perspective}},
type = {{Article}},
volume = {{42}},
web-of-science-categories = {{Energy \& Fuels; Environmental Sciences; Environmental Studies}},
year = {{2016}}
}