Work detail

Does Daylight Saving Time Save Energy? Evidence from the Czech Republic

Author: Mgr. Lucie Častorálová
Year: 2019 - winter
Leaders: doc. PhDr. Zuzana Havránková Ph.D.
Work type: Finance, Financial Markets and Banking
Language: English
Pages: 107
Awards and prizes:
Abstract: 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.




Patria Finance
Česká Spořitelna