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In this week\u2019s episode, host Daniel Raimi talks with Casey Wichman, an assistant professor in the School of Economics at Georgia Tech and an RFF university fellow. Wichman and several coauthors recently published a working paper that uses a field experiment to estimate how smart thermostats and time-varying electricity pricing can help reduce household utility bills and demands on the power sector. As more and more of us install smart thermostats, Wichman discusses how much money these devices can help us save, how the devices affect the temperatures in our homes, and what smart thermostats might mean for the grid\u2019s reliability and environmental impact.\n\nReferences and recommendations:\n\n\u201cSmart Thermostats, Automation, and Time-Varying Prices\u201d by Joshua Blonz, Karen Palmer, Casey Wichman, and Derek C. Wietelman; https://www.rff.org/publications/working-papers/smart-thermostats-automation-and-time-varying-prices/\n\n\u201cSavings Versus Comfort: How Smarter Thermostats Can Respond to Time-Varying Prices\u201d by Karen Palmer; https://www.resources.org/common-resources/savings-versus-comfort-how-smarter-thermostats-can-respond-to-time-varying-prices/\n\n\u201cThe New Climate War\u201d by Michael E. Mann; https://www.publicaffairsbooks.com/titles/michael-e-mann/the-new-climate-war/9781541758223/\n\n\u201cWhy Fish Don\u2019t Exist\u201d by Lulu Miller; https://www.simonandschuster.com/books/Why-Fish-Dont-Exist/Lulu-Miller/9781501160349