Abstract
Effective energy management can provide an important tool to reduce energy consumption, which is crucial in the fight to protect natural resources and to have a clean environment. Reducing energy consumption can be achieved by reducing energy waste in residential building. Waste in energy can be a result of using energy wasting appliances as well as reckless human behavior such as not turning off unwanted electrical appliances or operating air conditioners or heaters at unnecessary temperature settings, just to name a few. This paper reviews a couple of studies which was conducted on the use of real-time feedback technology to improve energy consumption behavior and habits. The methodologies used will be described along with the results of each study. A list of challenges and limitations of such studies will be explained. The review should give guidance and recommendations on how to conduct a study on the use of real-time feedback technology. Using these recommendations, a study on the topic was conducted by one of the authors in the Kingdom of Bahrain. The results of the study are briefly described in the paper.Keywords: Real-Time Feedback, Consumer's Behavior, energy managementJEL Classifications: Q43, Q47, Q53 DOI: https://doi.org/10.32479/ijeep.8353
Highlights
As per the International Organization for Standardization (ISO), “Using energy efficiently helps organizations save money as well as helping to conserve resources and tackle climate change” (ISO 50001, 2017)
The residential users in the USA are responsible for more than 20% of the annual CO2 emissions as per the US
In comparison to just educating people on energy wastage and its environmental implications, this method is viewed to be a more effective way of cutting down energy consumption. This is due to the fact that it provides the real-time feedback to the consumers of their energy habits, giving them an opportunity to educate themselves on the usage and make energy saving decisions on the go
Summary
As per the International Organization for Standardization (ISO), “Using energy efficiently helps organizations save money as well as helping to conserve resources and tackle climate change” (ISO 50001, 2017). Residential energy conservation is one of the most effective ways of reducing energy emissions and shows potential of saving 25% of energy costs resulting in $300 billion gross savings through years 2009-2020 (Karlin et al, 2015). It has been observed that in the UK, keeping appliances on Recent studies and technological advances along with growing trend/awareness of the importance of “Data Driven Decision Making” has shown a great potential for feedback technologies in this domain
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