scholarly journals Willingness to Pay for Wind versus Natural Gas Generation of Electricity

2018 ◽  
Vol 48 (1) ◽  
pp. 44-70
Author(s):  
Kofi Nkansah ◽  
Alan R Collins

In 2009, West Virginia enacted an Alternative and Renewable Portfolio Act (APRA) to broaden its energy use for electricity beyond coal. A choice experiment survey was conducted to assess West Virginians’ willingness to pay (WTP) for 10 percent of electricity generated from wind energy versus natural gas. Results showed that residential consumers preferred electricity generated from wind, with annual per-capita WTP averaging from $19.25 to $26.75. Given the subsequent repeal of the APRA in 2015, we propose implementation of a voluntary green pricing program as an alternative policy to increase the share of renewable energy in West Virginia's energy portfolio.

2011 ◽  
Vol 10 (1) ◽  
pp. 41-59 ◽  
Author(s):  
Jerry Harris

AbstractSustainable energy use is rapidly developing, often with state support and patriotic political rhetoric. But the solar and wind energy industries are highly transnationalized and already inserted into global patterns of accumulation. While possibly solving some of the most pressing problems between capitalism and environmental sustainability, green capitalism still fails to address the contradiction between labor and capital. Therefore, any progressive strategy for social transformation must link the fair treatment of nature and labor together.


Race & Class ◽  
2010 ◽  
Vol 52 (2) ◽  
pp. 62-78 ◽  
Author(s):  
Jerry Harris

Sustainable energy use is rapidly developing, often accompanied by state support and patriotic political rhetoric. But the solar and wind energy industries are highly transnationalised and already inserted into global patterns of accumulation. This article argues that, while possibly resolving some of the most pressing conflicts between capitalism and environmental sustainability, green capitalism nevertheless fails to address the contradiction between labour and capital. Therefore, any progressive strategy for social transformation must link together the fair treatment of both nature and labour.


2019 ◽  
Vol 11 (4) ◽  
pp. 29-49 ◽  
Author(s):  
Muhammad Razi ◽  
Yousaf Ali

These days, the excessive industrialization, elevated levels of pollution, and the increased energy crisis has led nations towards the use of renewable energy sources. Through the use of renewable energy sources, global warming can also be decreased, which is currently the biggest environmental issue worldwide. Pakistan, being a developing country, relies on the use of fossil fuels for the generation of electricity. The alarming increase in population, energy consumption per capita and energy wastages lead to a shortfall. To resolve this crucial issue, the alternative solutions considered include the use of renewable sources of energy such as hydro, solar and wind. The use of these renewable energy sources is governed by various environmental, economic and social parameters. The influence of these parameters on the use of renewable energy sources is studied through the use of DEMATEL and revised DEMATEL techniques.


2014 ◽  
Vol 1008-1009 ◽  
pp. 179-182
Author(s):  
Iveta Gressová

Our planet gives us many mineral sources, but they have a big disadvantage. They are finite. Non-renewable energy sources are enough only for decades, exceptionally for centuries. Current generation is aware of the importance of using other energy sources, such as sunlight, wind, rain, tides, waves and geothermal heat. These energy sources are renewable. It means that they come from sources, which are naturally replenished on a human timescale. One of these sources is wind energy. Use of this kind of energy source needs an initial investment, but it can reduce cost of running a household and other sectors. This article is about Savonius wind turbine and its use for the needs of public lighting.


2015 ◽  
Vol 6 (2) ◽  
Author(s):  
Dragana Milosavljević ◽  
Tomislav Pavlovic ◽  
Dragoljub Mirjanić ◽  
Danica Piršl

This paper reviews the current state of the renewable energy use in Serbia. Further on, the paper describes energy potential and gives examples of the use of solar energy, wind energy, hydropower, geothermal energy, biomass and biogas in Serbia. Extensive body of information is given about support systems and measures of incentives for the investment in the construction and sale of electricity from plants using renewable energy sources. In conclusion, achieved results of the use of renewable energy sources in Serbia and the incentives for their use are presented.


2019 ◽  
Vol 31 (7) ◽  
pp. 1181-1190 ◽  
Author(s):  
Hyo-Jin Kim ◽  
Seul-Ye Lim ◽  
Seung-Hoon Yoo

The South Korean government is pursuing an energy transition, which means a reduction in nuclear power and coal-fired power generation, and an expansion into renewable energy. This study seeks to evaluate the South Korean public’s preference for a mix of power generation sources. For this purpose, 1000 households throughout the country were randomly selected and a choice experiment survey of them was undertaken in March 2018. We considered four attributes: the ratio of nuclear power, the ratio of coal-fired generation, the ratio of natural gas-fired generation, and the ratio of renewable energy. An increase in the monthly electric bill was also considered as an attribute. The results of applying the choice experiment approach show that households were willing to accept an increase in their monthly electric bill by KRW 192 (USD 0.17) and KRW 165 (USD 0.15) for reducing the proportion of nuclear power and coal, respectively, by 1%p. They were willing to pay KRW 159 (USD 0.14) and KRW 409 (USD 0.38) for raising the ratio of natural gas and renewable energy, respectively, through an increase in the monthly electricity bill. The findings reveal that the government’s energy transition has overall support from the public.


2019 ◽  
Vol 8 (5) ◽  
pp. 422
Author(s):  
Alexandru MAXIM ◽  
Teodora ROMAN

European household consumers have seen a gradual increase in the cost of their electricity bill, partly due to ambitious support policies for the development of renewable energy. Some consumers may have a higher willingness to pay (WTP) for clean energy, which could constitute a competitive advantage for electricity suppliers branding themselves as “sustainable”.A discrete choice experiment has been used in order to estimate the WTP of households for renewable energy. For the last decade, researchers have debated whether to add a “status quo” / “not willing to pay for changes” option in the experimental design, as this may generate complications and not add sufficient benefits.In this paper we use an original approach based on two parallel model estimations applied to the same sample of respondents in order to demonstrate the effect of adding a “status quo” option. Our results show that not including it would have led to an overestimation of about one third of the respondents‟ WTP.While more research on the topic is needed, we demonstrate the risk of simplifying the experimental design and propose a facile method of enhancing the experiment with a dual model design.Keywords: discrete choice experiment, status quo, renewable energy, household consumers, willingness to pay


Energies ◽  
2021 ◽  
Vol 14 (24) ◽  
pp. 8378
Author(s):  
Mateusz Jankiewicz

This article presents the analysis of the convergence of energy use from renewable sources among chosen European countries using a spatio-temporal approach. The high energy dependence of European countries on the economies of other continents makes the development of the use of renewable sources for energy production an important factor of their economic and social progress. The economic growth of every country is determined, among other factors, by an increase in the energy inputs. Therefore, in order to avoid excessive degradation of the environment, the use of renewable energy sources is increasingly becoming the crucial goal of governments worldwide. The analysis was conducted using data for 32 selected European countries in the years 1995–2019. In order to check progress in the case of the homogenization of renewable energy use, the β-convergence models for pooled cross-sectional and time-series data (TSCS) and also spatio-temporal β-convergence models were estimated. Absolute and conditional convergence was considered. Based on the literature review, the gross domestic product (GDP) per capita level and CO2 emissions per capita level as processes conditioning the convergence in the case of the renewable energy use were chosen. Moreover, the spatial dependencies between neighboring countries were included in the models, and the neighborhood was defined in two ways. The neighborhood was quantified using the connection matrices: (1) based on the common border criterion (geographical neighborhood) and (2) based on the well-being level similarity (economic neighborhood based on the HPI index values).


2020 ◽  
pp. 1-18
Author(s):  
Paul F. Meier

Energy is something we use every day, seamlessly delivered to our home in the case of electricity and abundantly available in the case of gasoline and diesel fuels. Energy has come a long way since the early 1800s, when wood and whale oil were common energy sources. And coal, once a major part of the energy mix in the United States, is being rapidly replaced by natural gas and renewable energy sources, especially wind and solar photovoltaic (PV) energy. China, the most populated country in the world, is still highly dependent on coal, but is also rapidly implementing renewable energy sources. An examination of worldwide energy use shows that for different countries, energy use per capita is correlated with average income. This indicates that an increasing world population coupled with growing economies, especially for China and India, will put pressure on energy availability and cost in the future.


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