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Consumer Willingness-To-Pay For A Resilient Electrical Grid, Warigia M. Bowman, Dayton M. Lambert, Joseph T. Ripberger, Hank Jenkins-Smith, Carol L. Silva, Michael A. Long, Kuhika Gupta, Andrew Fox
Consumer Willingness-To-Pay For A Resilient Electrical Grid, Warigia M. Bowman, Dayton M. Lambert, Joseph T. Ripberger, Hank Jenkins-Smith, Carol L. Silva, Michael A. Long, Kuhika Gupta, Andrew Fox
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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 …