Does daylight saving time save electricity? Evidence from Slovakia

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F20%3A10402186" target="_blank" >RIV/00216208:11230/20:10402186 - isvavai.cz</a>

Výsledek na webu

<a href="https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=SjXJ.IYFrm" target="_blank" >https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=SjXJ.IYFrm</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.enpol.2019.111146" target="_blank" >10.1016/j.enpol.2019.111146</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Does daylight saving time save electricity? Evidence from Slovakia

Popis výsledku v původním jazyce

The European Union has recently decided to stop the policy of biannual clock changes in 2021. One reason is that the original rationale for the policy, energy savings, is not supported by a large portion of recent empirical studies. Whether the new permanent time will be standard time or the former daylight saving time has not been decided. Evidence on energy savings from daylight saving time is country-specific, and each country may choose its own time. We examine the effects of the policy in a country for which no studies on daylight saving exist, Slovakia. Using hourly data from the 2010-2017 period, we apply a difference-in-differences approach and estimate energy savings to equal 1% of annual electricity consumption. Alternatively, extrapolating the effect from the results of a previous meta-analysis on different countries, for Slovakia we obtain a smaller estimate, unlikely to exceed 0.5%. Moreover, our findings suggest that daylight saving time smooths the electricity demand curve.

Název v anglickém jazyce

Does daylight saving time save electricity? Evidence from Slovakia

Popis výsledku anglicky

The European Union has recently decided to stop the policy of biannual clock changes in 2021. One reason is that the original rationale for the policy, energy savings, is not supported by a large portion of recent empirical studies. Whether the new permanent time will be standard time or the former daylight saving time has not been decided. Evidence on energy savings from daylight saving time is country-specific, and each country may choose its own time. We examine the effects of the policy in a country for which no studies on daylight saving exist, Slovakia. Using hourly data from the 2010-2017 period, we apply a difference-in-differences approach and estimate energy savings to equal 1% of annual electricity consumption. Alternatively, extrapolating the effect from the results of a previous meta-analysis on different countries, for Slovakia we obtain a smaller estimate, unlikely to exceed 0.5%. Moreover, our findings suggest that daylight saving time smooths the electricity demand curve.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50201 - Economic Theory

Projekt

<a href="/cs/project/GX19-26812X" target="_blank" >GX19-26812X: Excelence v ekonomickém výzkumu energetické efektivity a modelování dopadů - FE3M</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2020

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Energy Policy

ISSN

0301-4215

e-ISSN

—

Svazek periodika

137

Číslo periodika v rámci svazku

February

Stát vydavatele periodika

GB - Spojené království Velké Británie a Severního Irska

Počet stran výsledku

20

Strana od-do

1-20

Kód UT WoS článku

000515439900016

EID výsledku v databázi Scopus

2-s2.0-85076606390