Wildfire, Power Shutoff, and Residential Energy Storage Adoption

The identification of this study stems from exogenous variations in the duration of PSPSs in the previous month. [...] 5 deviations in PSPS duration or wildfire damage in the previous month compared to the average over the preceding year or the level of the same month of the previous year. [...] Thus, I measure individuals’ expectations of regular power reliability in two ways: the average monthly PSPS duration in the previous year and the PSPS duration in the same month of the previous year. [...] To capture the potential impact of SGIP funding availability on the demand for storage systems over time, I control for the year-month trends specific to the eligible zones for the two budgets, using the SGIP Eligibility Mapping Tool from the CPUC. [...] Panel B plots the estimated coefficients and the standard deviation of the additional differences across the two regions relative to the baseline difference in June across calendar months in a year, controlling for the city fixed effects and the year-month fixed effects.