Otegbulu, A C (2011) A contingent valuation model for assessing electricity demand. Journal of Financial Management of Property and Construction, 16(2), pp. 126-146. ISSN 1366-4387
Abstract
Purpose The purpose of this paper is to focus on households' willingness to pay for electricity consumption and mitigation expenditure due to poor electricity infrastructure as a measure of demand and tariff setting. Design/methodology/approach In this paper, the demand side management (DSM) approach was adopted in establishing user demand for electricity in the study area. Findings Based on the high cost (averting expenditure) of providing alternative power supply, households are willing to pay extra for more reliable and regular power supply. Practical implications The study is a deviation from the usual command or supply side management approach to infrastructure provision and management. Originality/value There is limited research on DSM approach to electricity infrastructure provision in Nigeria. The study will enhance the chances of cost recovery under private-public partnership arrangement. The paper identifies that a reliable and reasonable priced electricity supply is essential for a developing country.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | cluster analysis; developing countries; electricity reform; electricity supply reliability; electricity tariff; electricty industry; Nigeria |
| Index terms: | household, electricity consumption, demand-side management, recovery, deviation, partnership, Nigeria, cluster analysis, methodology, mitigation, electricity demand, willingness to pay, developing country |
| Subjects: | energy systems, data analysis and analytics, financial and cost management, operations management, price determination, partnership management, demography, Geography, development economics, financial risk, demand management, research methods |
| Topics: | Supply Chain Management, International Construction, Urban Studies, Sustainability, Procurement, Stakeholder Management, Geographical Context, Project Management, Research Practice, Cost Management |
| Descriptive scope: | 4 PCTA |
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