Averting Expenditures and Willingness to Pay for Electricity Supply Reliability
Bibliographic Data
| ID | 13037230 |
|---|---|
| Authors | Naghmeh Niroomand (0000-0002-2122-1959, Swiss Federal Laboratories for Materials Science and Technology), Glenn P Jenkins (0000-0003-4416-0164, Eastern Mediterranean University, corresponding author) |
| Year | 2020 |
| Volume | 11 |
| Issue | 3 |
| Pages | 501-523 |
| Publication date | 2020-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Benefit-Cost Analysis (JOURNAL) |
| Journal identifiers | ISSN: 2152-2812 • E-ISSN: 2194-5888 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/bca.2020.25 |
| OpenAlex | W3108247818 |
| Language | EN |
| Citations received | 1 |
| References cited | 18 |
Nepal has suffered from the worst electricity shortages in South Asia. This study is an attempt to measure the willingness to pay for an improved service using a model of revealed preference. Respondents are asked about the actions they are taking to reduce the impact on their household or business of scheduled and unscheduled outages and more stable voltage. We estimate the averting expenditures that were being incurred to compensate for the lack of reliability of the electricity service. The estimated cost of the averting actions as a percentage of the electricity bills is 53 % for households, 47 % for small businesses, 46 % for medium businesses, and 35 % for large businesses. Based on the estimations, we find that in 2017 the annual benefit from improving the reliability of the electricity service would be approximately US$ 188 million with a present value over 20 years of US$ 1.6 billion
Actuarial science · Business · Economic shortage · Economics · Electricity · Environmental economics · Government (linguistics · Mains electricity · Microeconomics · Power (physics · Reliability (semiconductor · Service (business · Value (mathematics · Willingness to pay · Computer Science · Economic and Environmental Valuation · Energy and Environment Impacts · Energy, Environment, and Transportation Policies · Engineering · Marketing
| Unique citing works | 1 |
|---|---|
| Citations per year | 0.33 |
| Citation span | 2023 - 2023 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |