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Author:

Guo, Xiurui (Guo, Xiurui.) | Liu, Haifeng (Liu, Haifeng.) | Mao, Xianqiang (Mao, Xianqiang.) | Jin, Jianjun (Jin, Jianjun.) | Chen, Dongsheng (Chen, Dongsheng.) (Scholars:陈东升) | Cheng, Shuiyuan (Cheng, Shuiyuan.) (Scholars:程水源)

Indexed by:

SSCI EI Scopus SCIE

Abstract:

In China, renewable/green electricity, which can provide significant environmental benefits in addition to meeting energy demand, has more non-use value than use-value for electricity consumers, because its users have no way to actually own this use-value. To assess the value of renewable electricity and obtain information on consumer preferences, this study estimated the willingness to pay (WTP) of Beijing residents for renewable electricity by employing the contingent valuation method (CVM) and identified the factors which affect their WTP. The survey randomly selected 700 participants, of which 571 questionnaires were valid. Half of respondents were found to have positive WTP for renewable electricity. The average WTP of Beijing residents for renewable electricity is estimated to be 2.7-33 US$ (18.5-22.5CNY) per month. The main factors affecting the WTP of the respondents included income, electricity consumption, bid and payment vehicle. Knowledge of and a positive attitude towards renewable energy also resulted in the relatively higher willingness of a respondent to pay for renewable electricity. The proportion of respondents replying "yes" to WTP questions using a mandatory payment vehicle was slightly higher than that for questions using a voluntary vehicle. Lastly, several policy implications of this study are presented. (C) 2013 Elsevier Ltd. All rights reserved.

Keyword:

Contingent valuation method (CVM) Willingness to pay (WTP) Renewable electricity

Author Community:

  • [ 1 ] [Guo, Xiurui]Beijing Univ Technol, Coll Environm & Energy Engn, Beijing 100124, Peoples R China
  • [ 2 ] [Liu, Haifeng]Beijing Univ Technol, Coll Environm & Energy Engn, Beijing 100124, Peoples R China
  • [ 3 ] [Chen, Dongsheng]Beijing Univ Technol, Coll Environm & Energy Engn, Beijing 100124, Peoples R China
  • [ 4 ] [Cheng, Shuiyuan]Beijing Univ Technol, Coll Environm & Energy Engn, Beijing 100124, Peoples R China
  • [ 5 ] [Mao, Xianqiang]Beijing Normal Univ, Sch Environm, Beijing 100875, Peoples R China
  • [ 6 ] [Jin, Jianjun]Beijing Normal Univ, Coll Resources Sci & Technol, Beijing 100875, Peoples R China
  • [ 7 ] [Guo, Xiurui]Beijing Univ Technol, Key Lab Beijing Reg Air Pollut Control, Beijing 100124, Peoples R China

Reprint Author's Address:

  • [Guo, Xiurui]Beijing Univ Technol, Coll Environm & Energy Engn, Beijing 100124, Peoples R China

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Source :

ENERGY POLICY

ISSN: 0301-4215

Year: 2014

Volume: 68

Page: 340-347

9 . 0 0 0

JCR@2022

ESI Discipline: SOCIAL SCIENCES, GENERAL;

ESI HC Threshold:153

JCR Journal Grade:1

CAS Journal Grade:1

Cited Count:

WoS CC Cited Count: 128

SCOPUS Cited Count: 146

ESI Highly Cited Papers on the List: 0 Unfold All

WanFang Cited Count:

Chinese Cited Count:

30 Days PV: 0

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