Willingness to pay of the households for solar energy-a case study in Kuala Lumpur Malaysia [Public acceptance and willingness to pay for solar energy- a case study in Kuala Lumpur, Malaysia]

Rafia, Afroz and Morshed, Niaz and ., Md Muhibbullah and Duasa, Jarita and Haniza, Khalid (2019) Willingness to pay of the households for solar energy-a case study in Kuala Lumpur Malaysia [Public acceptance and willingness to pay for solar energy- a case study in Kuala Lumpur, Malaysia]. In: The International Conference on Economics, Entrepreneurship and Management 2019 (ICEEM 2019), 6th July 2019, Langkawi, Malaysia.

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Abstract

The objective of this study is to analyze and evaluate public acceptance and their willingness to pay (WTP) for solar energy for their household use in Kuala Lumpur. For this reason, a contingent valuation method (CVM) was conducted to recognize the WTP of individuals and the features persuading it. Inhabitants of 400 families in Kuala Lumpur were questioned face to face. A logit model was estimated to investigate the factors that may affect the willingness of the households to pay additional electricity bills for solar energy. It was found that the average WTP value per family is RM 16, which will be paid monthly as an additional charge in electricity bills. The results of the logit model show that income, household size and knowledge about climate change positively and significantly affect the WTP of the households to pay additional electricity bills.

Item Type:	Conference or Workshop Item (Plenary Papers)
Additional Information:	5965/73340
Uncontrolled Keywords:	Public Acceptance, Willingness to pay, Solar energy, Logit model
Subjects:	H Social Sciences > H Social Sciences (General)
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences Kulliyyah of Economics and Management Sciences > Department of Economics
Depositing User:	Dr Rafia Afroz
Date Deposited:	19 Jul 2019 12:16
Last Modified:	19 Jul 2019 12:16
URI:	http://irep.iium.edu.my/id/eprint/73340

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