Households' willingness to pay for safeguarding security of natural gas supply in electricity generation

Energy Policy

Volumn 37, Issue 5, 2009, Pages 2008-2017

  Damigos, D ^a   Tourkolias, C ^a   Diakoulaki, D ^a  

^a NATIONAL TECHNICAL UNIVERSITY OF ATHENS   (Greece)

Author keywords

Contingent valuation; Natural gas; Security of supply

Indexed keywords

COMPETITION; COST BENEFIT ANALYSIS; COSTS; ECONOMICS; ELECTRICITY; ENERGY POLICY; GAS INDUSTRY; GAS SUPPLY; GASES; INVESTMENTS; LAWS AND LEGISLATION;

ADDITIONAL COSTS; CONTINGENT VALUATION; CONTINGENT VALUATION METHODS; ELECTRICITY BILLS; ELECTRICITY GENERATIONS; ELECTRICITY PRODUCTIONS; ELECTRICITY SECTORS; EMPIRICAL STUDIES; ENERGY DEMANDS; ENERGY SECURITIES; ENERGY SUPPLIES; EXTERNAL COSTS; FUEL SOURCES; MARKET COSTS; MEMBER STATE; NATURAL GAS SUPPLIES; SECURITY OF SUPPLY; WILLINGNESS TO PAYS;

ELECTRIC GENERATORS;

CONTINGENT VALUATION; COST-BENEFIT ANALYSIS; ELECTRICITY GENERATION; EMPIRICAL ANALYSIS; ENERGY POLICY; ENERGY USE; EUROPEAN UNION; FOSSIL FUEL; GAS SUPPLY; NATURAL GAS; WILLINGNESS TO PAY;

EID: 62849126468     PISSN: 03014215     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.enpol.2009.01.042     Document Type: Article

References (66)

1. Ajzen I., Rosenthal L., and Brown T. Effects of perceived fairness on willingness to pay. Journal of Applied Social Psychology 30 12 (2000) 2439-2450
2. Ajzen I., Brown T.C., and Carvajal F. Explaining the discrepancy between intentions and actions: the case of hypothetical bias in contingent valuation. Personality and Social Psychology Bulletin 30 9 (2004) 1108-1121
3. Baarsma, B., Berkhout, P., Hop, J., 2005. Valuation of the quality of the electricity grid-power outages have a price too. SEO Discussion Paper 41, University of Amsterdam, Amsterdam.
4. Bateman I.J., Carson R.T., Day B., Hanemann M., Hanley N., Hett T., Jones-Lee M., Loomes G., Mourato S., Özdemiroglu E., Pearce D.W., Sugden R., and Swanson J. Economic valuation with stated preference techniques: A manual (2002), Edward Elgar Publishing, UK (Department for Transport)
5. Bateman, J.I., Day, B.H., Dupont, D., 2004. OOH la la: bid range and direction effects in the one-and-one-half bound dichotomous choice approach, 13th Annual EAERE Conference, 25-28 June, Budapest, Hungary.
6. Bateman I., and Willis K. Introduction and overview. In: Bateman I.J., and Willis K.G. (Eds). Valuing Environmental Preferences: Theory and Practice of the Contingent Valuation method in the US, EU and Developing Countries (1996), Oxford University Press, New York 1-16
7. Bateman I., Langford I., Turner T., Willis K., and Garrod G. Elicitation and truncation effects in contingent valuation studies. Ecological Economics 12 2 (1995) 161-179
8. Batley S., Colbourne D., Fleming P., and Urwin P. Citizen versus consumer: challenges in the UK green power market. Energy Policy 29 6 (2001) 479-487
9. Beenstock M., Goldin E., and Haitovsky Y. Response bias in a conjoint analysis of power outages. Energy Economics 20 2 (1998) 135-156
10. Bergmann A., Hanley N., and Wright R. Valuing the attributes of renewable energy investments. Energy Policy 34 9 (2006) 1004-1014
11. Bjornstad D., and Kahn R. Characteristics of environmental resources and their relevance for measuring value. In: Bjornstad D., and Kahn R. (Eds). The Contingent Valuation of Environmental Resources (1996), Edward Elgar Publishing, Cheltenham, UK 3-18
12. Bjornstad D., and Kahn J. The Contingent Valuation of Environmental Resources: Methodological Issues and Research Needs (1996), Edward Elgar, Cheltenham, United Kingdom
13. Borchers A., Duke J., and Parsons G. Does willingness to pay for green energy differ by source?. Energy Policy 35 6 (2007) 3327-3334
14. Bothe, D., 2003. Environmental Costs due to the Kárahnjúkar Hydropower Project on Iceland. Results of a Contingent Valuation Survey, Working Paper No. 2003-01, University of Cologne, Department of Economic and Social Geography.
15. Braden, J., Kolstad, C., Woock, R., Machado, J., 1992. The Demand for Synthetic Fuels: Contingent Valuation of Quality-Differentiated Factors of Production. Paper presented to the Third European Association of Environmental and Resource Economists, June 1992, Poland.
16. Cameron T., and Huppert D. OLS versus ML estimation of non-market resource values with payment card interval data. Journal of Environmental Economics and Management 17 (1989) 230-246
17. Carlsson, F., Martinsson, P., 2004. Willingness to pay among Swedish households to avoid power outages-a random parameter Tobit model approach. Working Papers in Economics no. 154, Department of Economics, Gothenburg University.
18. Carson R. Contingent valuation: theoretical advances and empirical tests since the NOAA panel. American Journal of Agricultural Economics 79 5 (1997) 1501-1507
19. Carson R. Contingent valuation: a user's guide. Environmental Science and Technology 34 (2000) 1413-1418
20. Carson R., and Groves T. Incentive and informational properties of preference questions. Environmental and Resource Economics 37 1 (2007) 181-210
21. Carson R., Flores N., and Mitchell R. Theory and measurement of passive-use value. In: Bateman I., and Willis K. (Eds). Valuing the Environment Preferences (1999), Oxford University Press, Oxford, UK
22. Carson, R., Hanemann, M., Kopp, R., Krosnick, J., Mitchell, R., Presser, S. Ruud, P., Kerry, S., 1994. Prospective Interim Lost Use Value Due to DDT and PCB Contamination in the Southern California Bight. Washington, DC., National Oceanic and Atmospheric Administration, Contract no. 50-DGNC-1-00007.
23. Carson, R., Wright, J., Alberini, A., Carson, N., Flores, N., 1995. A bibliography of contingent valuation studies and papers. Natural Resource Damage Assessment, Inc., La Jolla.
24. Champ P., Flores N., Brown T., and Chivers J. Contingent valuation and incentives. Land Economics 78 4 (2002) 591-604
25. Cho S.H., Newman D., and Bowker J. Measuring rural homeowners' willingness to pay for land conservation easements. Forest Policy and Economics 7 (2005) 757-770
26. Close J., Pang H., Lam K., and Li T. 10% from renewables? The potential contribution from an HK schools PV installation programme. Renewable Energy 31 (2006) 1665-1672
27. Coller M., and Harrison G.H. On the use of the contingent valuation method to estimate environmental costs. In: Reckers P.M.J. (Ed). Advances in Accounting Vol. 13 (1995), JAP Press, Greenwich, CT
28. DEPA, 2007. Annual Report 2006. DEPA, Athens, Greece.
29. Ek K. Public and private attitudes towards ''green'' electricity: the case of Swedish wind power. Energy Policy 33 13 (2005) 1677-1689
30. European Commission, 2001. Green Paper-towards a European strategy for the security of energy supply. Office for Official Publications of the European Communities, Luxembourg.
31. European Commission, 2004. Council Directive 2004/67/EC of 26 April 2004 concerning measures to safeguard security of natural gas supply. Official Journal L 127, 29/04/2004, 0092-0096.
32. European Commission, 2007. An energy policy for Europe, Communication from the commission to the European council and the European parliament, COM(2007) 1 final. Brussels.
33. European Commission, 2008a. EU energy and transport in figures-Statistical pocketbook 2007/2008. Office for Official Publications of the European Communities, Luxembourg.
34. European Commission, 2008b. European energy and transport-trends to 2030-Update 2007. Office for Official Publications of the European Communities, Luxembourg.
35. European Environment Agency-EEA, 2007. EN27 electricity production by fuel. Available at: 〈http://themes.eea.europa.eu/Sectors_and_activities/energy/indicators/EN27,2007.04〉.
36. Eurostat, 2008. Energy consumption and production. Eurostat News Releases, 98/2008, available at: 〈http://ec.europa.eu/eurostat/〉.
37. Goett A.A., Hudson K., and Train K.E. Customers' choice among retail energy suppliers: the willingness-to-pay for service attributes. Energy Journal 21 4 (2000) 1-28
38. Goldar B., and Misra S. Valuation of environmental goods: correcting for bias in contingent valuation studies based on willingness-to-accept. American Journal of Agricultural Economics 83 1 (2001) 150-156
39. Green D., Jacowitz K.E., Kahneman D., and McFadden D. Referendum contingent valuation, anchoring, and willingness to pay for public goods. Resource and Energy Economics 20 (1998) 85-116
40. Greene W.H. Econometric Analysis. fourth ed. (2000), Prentice Hall, New Jersey
41. Haab T., and McConnell K. Valuing Environmental and Natural Resources: The Econometrics of Non-market Valuation (2002), Edward Elgar Publishing, Cheltenham, UK
42. Hanemann M. Theory versus data in the contingent valuation debate. In: Bjornstad D.J., and Kahn J.R. (Eds). The Contingent Valuation of Environmental Resources: Methodological Issues and Research Needs (1996), Edward Elgar, Cheltenham, United Kingdom
43. Hansla A., Gamble A., Juliusson A., and Garling T. Psychological determinants of attitude towards and willingness to pay for green electricity. Energy Policy 36 2 (2008) 768-774
44. International Energy Agency, 2004. Security of gas supply in open markets.
45. International Energy Agency, 2006. Energy policies of IEA countries-Greece 2006 Review.
46. Ladenburg J., and Dubgaard A. Willingness to pay for reduced visual disamenities from offshore wind farms in Denmark. Energy Policy 35 8 (2007) 4059-4071
47. Larsson, R.L., 2008. Europe and Caspian Energy: Dodging Russia, Tackling China, and Engaging the US. In: Svante, E., Cornell, Nilsson, N. (Eds.), Europe's Energy Security: Gazprom's Dominance and Caspian Supply Alternatives. Central Asia-Caucus Institute & Silk Road Studies Program, pp. 21.
48. Li H., Jenkins-Smith H., Silva C., Berrens R., and Herron K. Public support for reducing US reliance on fossil fuels: Investigating household willingness-to-pay for energy research and development. Ecological Economics 68 3 (2009) 731-742
49. Lienhoop N., and MacMillan D.C. Valuing wilderness in Iceland: estimation of WTA and WTP using the market stall approach to contingent valuation. Land Use Policy 24 1 (2007) 289-295
50. Longoa A., Markandya A., and Petrucci M. The internalization of externalities in the production of electricity: willingness to pay for the attributes of a policy for renewable energy. Ecological Economics 67 (2008) 140-152
51. MacMillan D., Hanley N., and Lienhoop N. Contingent valuation: environmental polling or preference engine?. Ecological Economics 60 1 (2006) 299-307
52. Maddala G.S. Limited-Dependent and Qualitative Variables in Econometrics (1999), Cambridge University Press, Cambridge, MA
53. Ministry of Development, 2007. First report of the long-term energy planning of Greece 2008-2020, Part I. Ministry of Development, Hellenic Republic (in Greek).
54. Mitchell, R.C., Carson, R.T., 1989. Using surveys to value public goods: the contingent valuation method. Resources for the future, New York.
55. National Statistical Service of Greece, 2005. Monthly average of purchases and receipts in kind of households classified by total family income per month. Available at: 〈http://www.statistics.gr/table_menu_per_year_eng.asp?Dnid=%20-20Household%20Budget&SSnid=%20-%20Household%20-20Budget&sb=SFA_1&year=2005×eries=0&dt=0〉.
56. Nomura N., and Akai M. Willingness to pay for green electricity in Japan as estimated through contingent valuation method. Applied Energy 78 4 (2004) 453-463
57. Reymond M. European key issues concerning natural gas: dependence and vulnerability. Energy Policy 35 8 (2008) 4169-4176
58. van Exel N.A., Brouwer W.F., Van den Berg B., and Koopmanschap M.A. With a little help from an anchor: discussion and evidence of anchoring effects in contingent valuation. The Journal of Socio-Economics 35 5 (2006) 836-853
59. Vatn A. Environmental valuation and rationality. Land Economics 80 1 (2004) 1-18
60. Weisser H. The security of gas supply-a critical issue for Europe?. Energy Policy 35 1 (2007) 1-5
61. Welsh M., and Poe G. Elicitation effects in contingent valuation: comparisons to a multiple bounded discrete choice approach. Journal of Environmental Economics and Management 36 (1998) 170-185
62. Westra L. The disvalue of 'contingent valuation' and the problem of the 'expectation gap'. Environmental Values 9 2 (2000) 153-171
63. Whitehead J., and Cherry T. Willingness to pay for a green energy program: a comparison of ex-ante and ex-post hypothetical bias mitigation approaches. Resource and Energy Economics 29 4 (2007) 247-261
64. Willis K.G., and Garrod G.D. Electricity supply reliability-estimating the value of lost load. Energy Policy 25 1 (1997) 97-103
65. Wiser R. Using contingent valuation to explore willingness to pay for renewable energy: a comparison of collective and voluntary payment vehicles. Ecological Economics 62 3-4 (2007) 419-432
66. Zarnikau J. Consumer demand for 'green power' and energy efficiency. Energy Policy 31 15 (2003) 1661-1672