Public Perceptions and Willingness to Pay for Renewable Energy: A Case Study from Greece
By Stamatios Ntanos, Grigorios L. Kyriakopoulos, M. Chalikias, G. Arabatzis, M. Skordoulis. 2018
198 citations recorded by the source corpus.
The purpose of this study is to discover the factors shaping public opinion about renewable energy sources and investigate willingness to pay for expansion of renewable energy sources in the electricity mix. Data was collected through a questionnaire applied in Nikaia, an urban municipality of Greece. The respondents have a positive attitude towards renewable energy systems. Most of them have good knowledge of solar and wind energy systems and are using solar water heating, while several respondents own a solar PV system. Environmental protection is seen as the most important reason for investing in a renewable energy system. Willingness to pay for a wider penetration of RES into the electricity mix was estimated to be 26.5 euros per quarterly electricity bill. The statistical analysis revealed the existence of a relationship between RES perceived advantages and willingness to pay for renewable energy. Furthermore, by using a binary logit model, willingness to pay was found to be positively associated with education, energy subsidies, and state support.
Subfields: Management, Monitoring, Policy and Law, Pollution, Sociology and Political Science
View Paper: https://www.semanticscholar.org/paper/f1af517786380100d7d6d360c7058db7b1790fd0
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In Management, Monitoring, Policy and Law
In Pollution
In Sociology and Political Science
Citations in the corpus
- Reviewing Usage, Potentials, and Limitations of Renewable Energy Sources (2020, background): “5/quarterly electricity bill [57], while for the island of Crete in Greece, the mean WTP for RES is estimated at €16.”
- Renewable Energy Development as a Driver of Economic Growth: Evidence from Multivariate Panel Data Analysis (2019, methodology): “[54] employed autoregressive distributive lag model and analysed the relationship between renewable energy consumption and economic growth for EU countries during the period”