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Lookup NU author(s): Dr Kyriaki Remoundou
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Our analysis is based on data from a double-bounded dichotomous choice contingent valuation study implemented to elicit public attitudes towards renewable energy generation and their willingness to pay for the construction of a wind farm in the area of Messanagros in the island of Rhodes, Greece. Results indicate that there are significant positive values deriving from the proposed project. Respondents report a mean willingness to pay a premium in their bi-monthly electric bills of €8.86 for the sole purpose of the construction of the wind farm. The estimated economic benefits to the local population are weighed against the investment cost in a cost–benefit analysis to inform policy making and implications for EU energy policy are provided.
Author(s): Koundouri P, Kountouris Y, Remoundou K
Publication type: Article
Publication status: Published
Journal: Energy Policy
ISSN (print): 0301-4215
ISSN (electronic): 1873-6777
Publisher: Elsevier Ltd
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