2017
DOI: 10.1016/j.ecolecon.2017.01.024
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Public Willingness to Pay and Policy Preferences for Tidal Energy Research and Development: A Study of Households in Washington State

Abstract: However, information about public interest in developing marine renewable energy technology, including tidal energy technology, in WA and the U.S. has been limited. Responses to a dichotomous choice referendum question on a mail survey sent to a representative sample of WA households were used to estimate residents' Willingness To Pay (WTP) for tidal energy R&D.Public preferences for policies to support tidal energy R&D were also assessed. WA households are WTP a median of $1.62 per month for tidal energy R&D,… Show more

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Cited by 24 publications
(8 citation statements)
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“…Offering financing options or payment plans may alleviate this issue, though project developers should be aware that steep upfront costs act as barriers to many residents. Political view was also positively correlated to WTP, which supports other findings that show that politically-liberal consumers are more likely to invest in renewable energy or environmentally-beneficial initiatives (Polis et al, 2017). Another interesting result from the logistic regression models was that renting your home was influential in predicting WTP in Project 3, which suggests that affordable and large projects may appeal to the renter segment of the market more than small and expensive community solar projects.…”
Section: Demographic Implicationssupporting
confidence: 82%
See 1 more Smart Citation
“…Offering financing options or payment plans may alleviate this issue, though project developers should be aware that steep upfront costs act as barriers to many residents. Political view was also positively correlated to WTP, which supports other findings that show that politically-liberal consumers are more likely to invest in renewable energy or environmentally-beneficial initiatives (Polis et al, 2017). Another interesting result from the logistic regression models was that renting your home was influential in predicting WTP in Project 3, which suggests that affordable and large projects may appeal to the renter segment of the market more than small and expensive community solar projects.…”
Section: Demographic Implicationssupporting
confidence: 82%
“…Another limitation of my research relates to the stated preference experiment contained in the questionnaire. I chose to utilize a stated preference design rather than a "revealed preference" method because consumers are less likely to have had market experiences with community solar that could be used to "reveal" their true preferences (Polis et al, 2017). The disadvantage of using state preferences to measure willingness to participate is the fact that it's based on consumer intent, rather than observing their actual choices or behaviors.…”
Section: Study Limitations and Future Research Neededmentioning
confidence: 99%
“…One of the best designs of tidal energy generation is a model where the tidal current obtained from the energy harnessed from tidal resources without the erection of a dam and directly serving the tidal current to produce electricity using energy conversion apparatus/ turbines. This means that the tidal currents can be used interchangeably [18], hence, the associated term: tidal current turbine (also called hydrokinetic turbine [19,20].…”
Section: 2configuration Of Arraysmentioning
confidence: 99%
“…The latter one has excellent potential if its concept and foundation can be combined with the arrangement and design of new framework for seaside towns [29]. Moreover, one prevalence thought about the TCT technologies is the utilisation of tidal floods by using adaptable gadget versatility and because of their exceptional predictability, could result in a significant source of electricity production [30].…”
Section: A Review Of Tidal Current Technologiesmentioning
confidence: 99%