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

Damigos, D; Tourkolias, C; Diakoulaki, D

dc.contributor.author	Damigos, D	en
dc.contributor.author	Tourkolias, C	en
dc.contributor.author	Diakoulaki, D	en
dc.date.accessioned	2014-03-01T01:30:51Z
dc.date.available	2014-03-01T01:30:51Z
dc.date.issued	2009	en
dc.identifier.issn	0301-4215	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/19653
dc.subject	Contingent valuation	en
dc.subject	Natural gas	en
dc.subject	Security of supply	en
dc.subject.classification	Energy & Fuels	en
dc.subject.classification	Environmental Sciences	en
dc.subject.classification	Environmental Studies	en
dc.subject.other	Competition	en
dc.subject.other	Cost benefit analysis	en
dc.subject.other	Costs	en
dc.subject.other	Economics	en
dc.subject.other	Electricity	en
dc.subject.other	Energy policy	en
dc.subject.other	Gas industry	en
dc.subject.other	Gas supply	en
dc.subject.other	Gases	en
dc.subject.other	Investments	en
dc.subject.other	Laws and legislation	en
dc.subject.other	Additional costs	en
dc.subject.other	Contingent valuation	en
dc.subject.other	Contingent valuation methods	en
dc.subject.other	Electricity bills	en
dc.subject.other	Electricity generations	en
dc.subject.other	Electricity productions	en
dc.subject.other	Electricity sectors	en
dc.subject.other	Empirical studies	en
dc.subject.other	Energy demands	en
dc.subject.other	Energy securities	en
dc.subject.other	Energy supplies	en
dc.subject.other	External costs	en
dc.subject.other	Fuel sources	en
dc.subject.other	Market costs	en
dc.subject.other	Member state	en
dc.subject.other	Natural gas supplies	en
dc.subject.other	Security of supply	en
dc.subject.other	Willingness to pays	en
dc.subject.other	Electric generators	en
dc.subject.other	contingent valuation	en
dc.subject.other	cost-benefit analysis	en
dc.subject.other	electricity generation	en
dc.subject.other	empirical analysis	en
dc.subject.other	energy policy	en
dc.subject.other	energy use	en
dc.subject.other	European Union	en
dc.subject.other	fossil fuel	en
dc.subject.other	gas supply	en
dc.subject.other	natural gas	en
dc.subject.other	willingness to pay	en
dc.title	Households' willingness to pay for safeguarding security of natural gas supply in electricity generation	en
heal.type	journalArticle	en
heal.identifier.primary	10.1016/j.enpol.2009.01.042	en
heal.identifier.secondary	http://dx.doi.org/10.1016/j.enpol.2009.01.042	en
heal.language	English	en
heal.publicationDate	2009	en
heal.abstract	Security of energy supply is a major issue for all EU Member States due to Europe's increasing dependence on imported fossil-fuel sources and the continuous rise in energy demand. The latter is of particular importance in electricity sector given the continuously increasing use of gas for electricity generation. In order to properly tackle with the problem, concerted actions are required by the EU Member States in several levels, i.e. legislative, political, etc. Nevertheless, these actions will come at an additional cost paid by the society either through increased electricity bills or through public financing for energy security investments. Thus, such policies should be justified on the basis of cost-benefit analysis. Towards this direction, it may be necessary to take into account non-market costs and benefits, i.e. the value that consumers place on interruptions avoided. In order to explore households' perceptions and willingness to pay for securing gas supply for electricity production, an empirical study was conducted by means of the contingent valuation method. The results indicate that consumers are willing to pay a premium on their electricity bills in order to internalize the external costs of electricity production, in terms of energy security, which are caused from imported fuels. (c) 2009 Elsevier Ltd. All rights reserved.	en
heal.publisher	ELSEVIER SCI LTD	en
heal.journalName	Energy Policy	en
dc.identifier.doi	10.1016/j.enpol.2009.01.042	en
dc.identifier.isi	ISI:000265461400040	en
dc.identifier.volume	37	en
dc.identifier.issue	5	en
dc.identifier.spage	2008	en
dc.identifier.epage	2017	en