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| DOI | 10.1016/j.enpol.2021.112455 |
| Would people pay a price premium for electricity from domestic wind power facilities? The case of South Korea | |
| Lee K.-S.; Kim J.-H.; Yoo S.-H. | |
| 发表日期 | 2021 |
| ISSN | 03014215 |
| 卷号 | 156 |
| 英文摘要 | South Korea tried to drastically expand the capacity of wind power generation from 1.8 GW in 2020 to 24.9 GW in 2034. Moreover, the “Green New Deal” policy is being implemented to promote employment and growth by using domestic wind power facilities. This article estimates additional willingness to pay (WTP) or price premium, for electricity generated from domestic wind power facilities over that from imported ones. For this purpose, a contingent valuation survey of 1000 households was carried out employing the closed-ended question during September 2020. A spike model is utilized to reflect the zero WTP values reported by 58.3% of the interviewees. Several factors affecting the price premium were also analyzed to derive implications. The average price premium for electricity generated from domestic wind power generation facilities was estimated to be KRW 22.5 (USD 0.019) per kWh with statistical significance. This value reaches 21.4% of the electricity price for 2019 (KRW105 or USD 0.089 per kWh). It should be noted that more than half of the people reported a zero price premium, as they thought that “Green” is more important than “New Deal,” or they worried that the supply of domestic wind power facilities could raise electricity bills. © 2021 Elsevier Ltd |
| 关键词 | Contingent valuationElectricityPrice premiumWillingness to payWind power |
| 英文关键词 | Electric power generation; Contingent valuations; Electricity prices; Power; Price premiums; South Korea; Spike models; Statistical significance; Valuation surveys; Willingness to pay; Wind power generation; Wind power |
| 语种 | 英语 |
| 来源期刊 | Energy Policy
 |
| 文献类型 | 期刊论文 |
| 条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/205206 |
| 作者单位 | Department of Energy Policy, Graduate School of Convergence Science, Seoul National University of Science & Technology, 232 Gongreung-Ro, Nowon-Gu, Seoul, 01811, South Korea |
| 推荐引用方式 GB/T 7714 | Lee K.-S.,Kim J.-H.,Yoo S.-H.. Would people pay a price premium for electricity from domestic wind power facilities? The case of South Korea[J],2021,156. |
| APA | Lee K.-S.,Kim J.-H.,&Yoo S.-H..(2021).Would people pay a price premium for electricity from domestic wind power facilities? The case of South Korea.Energy Policy,156. |
| MLA | Lee K.-S.,et al."Would people pay a price premium for electricity from domestic wind power facilities? The case of South Korea".Energy Policy 156(2021). |
| 条目包含的文件 | 条目无相关文件。 | |||||
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