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Title: Consumer willingness-to-pay for a resilient electrical grid
The research objective is to estimate consumer willingness to pay (WTP) for electricity grid fortification. Data are from a representative survey of Oklahoma citizens. Extreme weather events, aging utility infrastructure, increased demand for affordable energy, and terrorism threaten the safety and security of the way most citizens access electricity. This study is a first look at public willingness to support energy grid security measures in the United States Southern Great Plains. Findings suggest that consumers would pay an additional 14.69 in monthly utility bills for a fortified grid. This WTP estimate is close to a recent energy bill hike of 14 initiated by local electricity providers. The findings provide policymakers and energy providers with information on consumer willingness to support efforts to modernize the current grid.  more » « less
Award ID(s):
1946093
PAR ID:
10495059
Author(s) / Creator(s):
; ; ; ; ; ; ;
Publisher / Repository:
ELSEVIER
Date Published:
Journal Name:
Energy Economics
Volume:
131
Issue:
C
ISSN:
0140-9883
Page Range / eLocation ID:
107345
Format(s):
Medium: X
Sponsoring Org:
National Science Foundation
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