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Lithuanian Consumer`s Willingness to Pay and Feed-in Prices for Renewable Electricity
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Lithuanian Consumer`s Willingness to Pay and Feed-in Prices for Renewable Electricity

Author

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  • Dalia Streimikiene

    (Lithuanian Energy Institute, Breslaujos)

  • Asta Mikalauskiene

    (Lithuanian Energy Institute, Breslaujos)

Abstract

The paper aims to assess the willingness to pay (WTP) for renewable electricity of Lithuanian households and to compare WTP of Lithuanian consumers with support provided for renewable by Lithuanian government in terms of Feed-in prices. The paper reviews the situation of renewable electricity generation and consumption in Lithuania and presents the results of empirical study aiming at assessment of Lithuanian household’s willingness to pay for electricity produced from renewables. The results of study indicated that the WTP of Lithuanian households is significantly lower than subsides for renewable electricity provided in the form of Feed-in prices in Lithuania. Therefore feed-in prices need to be revising taking into account WTP of Lithuanian consumers.

Suggested Citation

  • Dalia Streimikiene & Asta Mikalauskiene, 2014. "Lithuanian Consumer`s Willingness to Pay and Feed-in Prices for Renewable Electricity," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 16(36), pages 594-594, May.
    • Handle: RePEc:aes:amfeco:v:36:y:2014:i:16:p:594
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    References listed on IDEAS

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    Cited by:

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    4. Pelau, Corina & Pop, Nicolae Al., 2018. "Implications for the energy policy derived from the relation between the cultural dimensions of Hofstede's model and the consumption of renewable energies," Energy Policy, Elsevier, vol. 118(C), pages 160-168.

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    More about this item

    Keywords

    renewable electricity; assessment of willingness to pay (WTP); feed-in tariffs;
    All these keywords.

    JEL classification:

    • D1 - Microeconomics - - Household Behavior
    • D18 - Microeconomics - - Household Behavior - - - Consumer Protection
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household

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