Mark Tocock , Darla Hatton MacDonald , John M. Rose
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Risk preferences, bill increases and the future reliability of electricity networks in Australia
With the rapid uptake in renewable energy there are emerging risks for countries that rapidly displace baseload generation with intermittent sources. Whilst these risks can be mitigated with storage technologies, the cost to do so, is ultimately passed onto households in the form of higher electricity bills. We use a discrete choice experiment to explore some of the potential trade-offs households might be willing to consider in order to experience lower bill increases including delaying electricity infrastructure investments as well as demand-side management policies. Respondents were asked to evaluate alternative electricity contracts with lower cost increases, delayed renewable and battery storage investments and the potential imposition of consumption limits. We also explore how household risk attitudes explain differences in compensation required within a mixed logit model. Our results suggest that households which are highly risk-averse may require more compensation.
期刊介绍:
Energy Research & Social Science (ERSS) is a peer-reviewed international journal that publishes original research and review articles examining the relationship between energy systems and society. ERSS covers a range of topics revolving around the intersection of energy technologies, fuels, and resources on one side and social processes and influences - including communities of energy users, people affected by energy production, social institutions, customs, traditions, behaviors, and policies - on the other. Put another way, ERSS investigates the social system surrounding energy technology and hardware. ERSS is relevant for energy practitioners, researchers interested in the social aspects of energy production or use, and policymakers.
Energy Research & Social Science (ERSS) provides an interdisciplinary forum to discuss how social and technical issues related to energy production and consumption interact. Energy production, distribution, and consumption all have both technical and human components, and the latter involves the human causes and consequences of energy-related activities and processes as well as social structures that shape how people interact with energy systems. Energy analysis, therefore, needs to look beyond the dimensions of technology and economics to include these social and human elements.