TY - JOUR
T1 - Policy Parity for CCS? - Public Preference on Low Carbon Electricity
AU - Itaoka, Kenshi
AU - Saito, Aya
AU - Akai, Makoto
N1 - Funding Information:
The authors would like to thank the Ministry of Environment who funded this research.
Publisher Copyright:
© 2017 The Authors.
Copyright:
Copyright 2017 Elsevier B.V., All rights reserved.
PY - 2017
Y1 - 2017
N2 - To examine the rationale for policy parity of three basic low carbon power sources, the consumer preference for those power sources was evaluated by choice experiment through a public survey in December 2015 - January 2016. A sample with decent representativeness was obtained by two stage stratified sampling and door-to-door canvassing. The choice questions were designed with realistic attributes simulating power retail market starting from April 2016. Through the data analysis, using random parameter logit model, we found that respondents' WTP shows that they considered not only CO2 emission reductions but also the characteristics of the three methods of low carbon power generation. It is also found that WTP is 11 yen per 1% increase in renewables, 14 yen per 1% decrease in nuclear (this WTP varies from one individual to another), and 4 yen per 1% increase in thermal power generation with CCS. The results of WTPs for the share of renewables and CCS in the power mix of new electricity retail companies in the future market rationalizes the necessity of policy parity to some extent for those technologies implying inclusion of CCS in the FIT but not nuclear. Published by Elsevier Ltd.
AB - To examine the rationale for policy parity of three basic low carbon power sources, the consumer preference for those power sources was evaluated by choice experiment through a public survey in December 2015 - January 2016. A sample with decent representativeness was obtained by two stage stratified sampling and door-to-door canvassing. The choice questions were designed with realistic attributes simulating power retail market starting from April 2016. Through the data analysis, using random parameter logit model, we found that respondents' WTP shows that they considered not only CO2 emission reductions but also the characteristics of the three methods of low carbon power generation. It is also found that WTP is 11 yen per 1% increase in renewables, 14 yen per 1% decrease in nuclear (this WTP varies from one individual to another), and 4 yen per 1% increase in thermal power generation with CCS. The results of WTPs for the share of renewables and CCS in the power mix of new electricity retail companies in the future market rationalizes the necessity of policy parity to some extent for those technologies implying inclusion of CCS in the FIT but not nuclear. Published by Elsevier Ltd.
UR - http://www.scopus.com/inward/record.url?scp=85029632716&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85029632716&partnerID=8YFLogxK
U2 - 10.1016/j.egypro.2017.03.1889
DO - 10.1016/j.egypro.2017.03.1889
M3 - Conference article
AN - SCOPUS:85029632716
VL - 114
SP - 7573
EP - 7580
JO - Energy Procedia
JF - Energy Procedia
SN - 1876-6102
T2 - 13th International Conference on Greenhouse Gas Control Technologies, GHGT 2016
Y2 - 14 November 2016 through 18 November 2016
ER -
