Information as potential key determinant in switching electricity suppliers: An econometric study on Austrian households

Magdalena Six, Franz Wirl, Jaqueline Wolf

Veröffentlichungen: Beitrag in FachzeitschriftArtikelPeer Reviewed

Abstract

In this paper, we investigate the drivers and obstacles to switch the electricity supplier for Austrian households. Since the liberalization of the market in 2001, the annual switching rates have remained at surprisingly low levels, leading to a loss of significant savings potential for Austrian households. The results of our exploratory study suggest that the knowledge about tariffs and electricity suppliers is the driving force for the decision to switch. The lack of information might also explain the low incentive effect of savings potentials. Thus, we suggest that for price competitive electricity suppliers, it might be more effective to familiarize customers with tariff structures and savings potentials than to advertise with “green electricity” as it is the common strategy at the moment.
OriginalspracheEnglisch
Seiten (von - bis)263–290
Seitenumfang28
FachzeitschriftJournal of Business Economics
Jahrgang87
Ausgabenummer2
Frühes Online-DatumMai 2016
DOIs
PublikationsstatusVeröffentlicht - 2017

ÖFOS 2012

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  • mr
  • bwl

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