Consumer willingness-to-pay for a resilient electrical grid

A-Tier
Journal: Energy Economics
Year: 2024
Volume: 131
Issue: C

Authors (8)

Lambert, Dayton M. (Oklahoma State University) Ripberger, Joseph T. (not in RePEc) Jenkins-Smith, Hank (not in RePEc) Silva, Carol L. (not in RePEc) Bowman, Warigia (not in RePEc) Long, Michael A. (not in RePEc) Gupta, Kuhika (not in RePEc) Fox, Andrew (not in RePEc)

Score contribution per author:

0.503 = (α=2.01 / 8 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

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.

Technical Details

RePEc Handle
repec:eee:eneeco:v:131:y:2024:i:c:s0140988324000537
Journal Field
Energy
Author Count
8
Added to Database
2026-01-25