Does Daylight Saving Time Save Energy? Evidence from the Czech Republic
| Autor: | Mgr. Lucie Častorálová |
|---|---|
| Rok: | 2019 - zimní |
| Vedoucí: | doc. PhDr. Zuzana Havránková Ph.D. |
| Konzultant: | |
| Typ práce: | Diplomová Finance, finanční trhy a bankovnictví |
| Jazyk: | Anglicky |
| Stránky: | 107 |
| Ocenění: | |
| Odkaz: | https://is.cuni.cz/webapps/zzp/detail/189398/ |
| Abstrakt: | The recent discussion of the European Parliam ent, member states, and citizens triggered the question whether there is s till a need for bi-annual clock shifting from the perspective of energy savings. Em ploying the difference-in-differences method on hourly data on electricity consumption between 2006 and 2017, the study concludes th a t daylight saving tim e policy reduces aggregate electricity consumption by 0.35 % in the Czech Republic. Moreover, daylight saving tim e leads to 1% savings on domestic residential electricity consumption. Overall, daylight saving tim e increases electricity consumption in the m orning, b u t decreases electricity consumption in the evening by greater am ount. We have estimated th a t more than 65 % of to ta l electricity savings attrib uta ble to daylight saving tim e arose from effect of the daylight saving tim e on residential electricity consumption. |
