Quotation Felderer, Astrid, Brandtweiner, Roman, Hoetl, Andrea. 2018. Ranking of Energy Saving Devices for Smart Homes according to their Payback Time. Sustainable Development and Planning 2018, Siena, Italien, 04.09.-06.09. Invited Talk


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Abstract

This paper discusses the average energy savings of various smart devices in connection with their average price. By calculating the devices’ payback times, a ranking of the tools can be given. The whole study focuses on the average household within the EU-28 in terms of climate as well as in terms of user behaviour. The purpose of the research was to provide a win-win situation for users’ wallets and the environment by showing the device which suits both players best. As a result of the research, it was found that the greatest reduction in energy consumption can be reached by an interaction of the smart device and the inhabitants of a smart home. By giving users feedback on their energy consumption through smart meters, average savings of 7.5% are reached. As a smart meter is available for about € 80, it has a payback time of only 4.24 months. Keywords: Smart home devices, payback time, energy consumption, energy saving, smart homes

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Paper presented at an academic conference or symposium
Language English
Title Ranking of Energy Saving Devices for Smart Homes according to their Payback Time
Event Sustainable Development and Planning 2018
Year 2018
Date 04.09.-06.09.
Country Italy
Location Siena
URL https://www.wessex.ac.uk/conferences/2018/sustainable-development-and-planning-2018
Invited Talk Y

Associations

People
Brandtweiner, Roman (Details)
External
Felderer, Astrid (Wirtschaftsuniversität Wien, Austria)
Hoetl, Andrea (Danube University Krems, Austria)
Organization
Institute for Information Management and Control IN (Details)
Research areas (ÖSTAT Classification 'Statistik Austria')
5307 Business and management economics (Details)
5366 Information society (Details)
5917 Communication science (Details)
5918 Media research, -studies (Details)
6123 Business ethics (Details)
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