Willingness To Pay For Electricity From Renewable Resources

This book aims to develop a framework for the assessment of population ‘preferences in climate change mitigation policies by applying a Willingness to Pay (WTP) approach and presents the results from several case studies in Lithuania on renewable energy generation and renovation in different households. These analyses of climate change mitigation policies and measures, based on the assessment of their effectiveness, provide recommendations for developing innovative measures in other countries. Since public preferences are variable, climate change mitigation policies can change these preferences and allow to form new ones. Features: Analyses social benefits of climate change mitigation measures and their integration methods based on assessment of public preferences. Presents several practical case studies on energy needs where the Willingness to Pay framework was applied. Discusses climate change mitigation barriers in energy sector and the effectiveness of climate change mitigation policies to overcome them. Provides a novel approach for climate change mitigation policies development in households. Includes useful information for evaluating and planning policies related to renewable energy investment. This book is a useful reference for those in the academic, research, and business communities, policy makers, graduate students, and professionals involved with climate change mitigation projects.

The aim of this book is to analyze the relationship between renewable energy sources and citizens, focusing both on demand and supply. Today, the consequences regarding the use of fossil energy are seen from a different perspective because the issues related to climate change are evident worldwide. Thus, climate change and resource depletion are real problems to be addressed for the welfare of society. Renewable energy sources (RES) are essential to reduce polluting emissions, but they can produce a range of environmental effects which might be detrimental to human activities as attested by the several types of the Nimby effect (“Not In My Back Yard”). This is because infrastructure siting usually offers different pros and cons to stakeholders and the local populations affected. Nevertheless empirical evidence shows that in many countries, society is willing to pay a significant amount to facilitate adoption of renewable technologies. With RES, citizens are called on to play a dual role – not only that of end consumers but often also stakeholders in the local production process. In this book we try to deal with this dual role played by the citizens to evaluate the actual public acceptance of RES. We address a specific and important area of the economic analysis: willingness to pay (WTP) and willingness to accept (WTA). The research evaluates the attitude of citizens towards the end use of green energy by investigating the likelihood of acceptance of a new infrastructures related to RES production. The book, therefore, is not about how to reconcile consumers and citizens, rather it explores the main determinants of peoples' behavior for a better understanding of this phenomenon.​

This book discusses the role electricity plays in sustaining and improving the quality of life. The author elucidates the numerous approaches to estimating value, including electricity’s contribution toward the U.S. Gross Domestic Product; its role in medicine, and its ability to power communications. Traditional measures such the cost of outages, the impact of storms, the cost of restoring power systems after storms, the Value of Lost Load (VOLL), consumer Willingness to Pay (WTP) to avoid outages, and consumer surveys are covered extensively. In addition, the book speculates on life without electricity and how society may have evolved without it.

Nowadays, energy production increase has been proven a globally contentious issue, as it counts variable stakeholders of competitive interests. Such indicative competitive interests are land use for energy crops against maximizing agricultural production yields, as well as the gradually localized trend of energy production from renewables, compared to the central overexploitation of fossil-fuelled energy sources in mainland grids of energy production. In response to this multi-parametric contradiction on traditional and novel approaches of energy production, this Special Issue aims at attracting researchers whose scientific interest resides in the electrical energy storage (EES) systems in a wide range of applicability: Technological advancements, environmental impacts, economies of scale achievement, active involvement of renewables in EES technologies, socio-economic impacts upon EES diffusion in regional and globalized contexts of analysis. The main limitations and the challenges derived from these scientific approaches will formulate a fresher scientific viewpoint of novel insights upon EES applicability in developed and developing economies, accordingly. Papers selected for this Special Issue are subject to a rigorous peer review procedure, enabling an integrated manner of dissemination upon research advancements and multi-disciplinary dynamics, accordingly.