Indexed by:
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:
Reprint Author's Address:
Email:
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