Arbeitspapier

Households' WTP for the reliability of gas supply

The security of natural gas supply is an important issue for all EU countries due to the region's heavy dependence on imported supply sources and in light of energy demand for gas that is continuously increasing. Discussions have emphasised strategies for securing the supply at the macro level, e.g. diversification in supply sources, increase in storage capacity, etc. By contrast, consumers' demand for the reliability of gas supply is rarely investigated. Hence this study was conducted to examine the economic implications associated with the security of gas supply directly to domestic consumers. Based on the choice experiment approach, household surveys were conducted in France, Italy and the UK. The results confirmed that the degree of the economic impact of a disruption of gas supply to domestic consumers was a function of the duration of a supply disruption and the season in which a supply cut would take place, as well as other preferences of consumers. The willingness to pay to secure per unit of gas consumption, or alternatively the costs of gas unsupplied, was estimated at between €2.65/cubic metre and €41.48/cubic metre across three different European countries.

Sprache
Englisch

Erschienen in
Series: Nota di Lavoro ; No. 58.2011

Klassifikation
Wirtschaft
Multiple or Simultaneous Equation Models: Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
Survey Methods; Sampling Methods
Field Experiments
Consumer Economics: Empirical Analysis
Energy: Demand and Supply; Prices
Thema
Energy Security
Gas Supply
Households
Willingness to Pay
Choice Experiment

Ereignis
Geistige Schöpfung
(wer)
Chou, Wan-jung
Bigano, Andrea
Hunt, Alistair
la Branche, Stephane
Markandya, Anil
Pierfederici, Roberta
Ereignis
Veröffentlichung
(wer)
Fondazione Eni Enrico Mattei (FEEM)
(wo)
Milano
(wann)
2011

Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Chou, Wan-jung
  • Bigano, Andrea
  • Hunt, Alistair
  • la Branche, Stephane
  • Markandya, Anil
  • Pierfederici, Roberta
  • Fondazione Eni Enrico Mattei (FEEM)

Entstanden

  • 2011

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