20.500.12556/DKUM-90946 Electricity prices and consumer behavior, case study Serbia - randomized control trials method The aim of this research was to identify energy saving instructions effect on household’s electricity consumption. The research was conducted using Randomized Control Trials, which implied defining a treatment and control group on a sample of 330 households. The research was carried out in Republic of Serbia, where electricity prices are the lowest in Europe and electricity is used inefficiently. For quantitative analysis of data, the Difference in Difference method was used, which compares the changes in electricity consumption over time between the treatment and control group and estimates the overall impact of the energy saving instructions. The research showed that in situations where electricity price is very low, energy saving information does not have the significant impact on change in consumer behavior. However, inefficient use of electricity might be due to the different efficiency of heating devices used. Not only that the low impact of information on energy saving habits may be a consequence of the low will to change habit, but also of the impossibility to change the habit (unless changing the heating device, but this implies expenditures). Results can be used for consideration of changes in organization and regulation of the electricity market in all South Eastern European countries (SEE). electricity consumption consumersʹ behavior randomized control trials method difference method case study Serbia poraba električne energije vedenje potrošnikov metoda randomiziranih kontrolnih preskusov študija primera Srbija true false true MDPI Angleški jezik Slovenski jezik Znanstveno delo 2024-10-10 12:52:08 2024-10-10 13:11:51 2024-10-11 03:15:53 0000-00-00 00:00:00 2021 0 0 Str. 1-12 Št. 3, št. članka 591 Letn. 14 2021 0000-00-00 Zaloznikova Objavljeno NiDoloceno 2020-12-13 2021-01-15 2021-01-25 351 48534787 10.3390/en14030591 1996-1073 Podbregar-2021-Electricity_Prices_and_Consumer.pdf Podbregar-2021-Electricity_Prices_and_Consumer.pdf 1 561F27AF655714B76C93C22109145733 df4fa52208826847386b32199871cfa8452879c7e2b1e45854e8645d7acdf5e5 52fde0ca-86f8-11ef-808f-00155d000105 https://dk.um.si/Dokument.php?lang=slv&id=186377 https://doi.org/10.3390/en14030591 0 b28c892f-86f5-11ef-808f-00155d000105 https://dk.um.si/Dokument.php?lang=slv&id=186375 Fakulteta za organizacijske vede 0 0 0