Smart Thermostats, Automation, and Time-Varying Prices

This study evaluates an experiment in which randomly encouraged households activate a smart-thermostat feature that automates responsiveness to time-of-use electricity pricing.

Working Paper (21-20) by Joshua Blonz, Karen Palmer, Casey Wichman, and Derek C. Wietelman — 1 minute read — July 21, 2021



Joshua Blonz

Federal Reserve Board of Governors

Karen Palmer

Senior Fellow

Casey J. Wichman

University Fellow

Derek C. Wietelman

University of Maryland, College Park