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Willingness to Pay for Energy Efficient Refrigerating Appliances in Accra, Ghana: A Choice Experiment Approach

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  • Asinyaka Michael

    (Estate Management and Valuation, University of Rwanda College of Science and Technology, Kigali, Rwanda)

Abstract

The use of energy efficient refrigerating appliances in the domestic sector holds promise for savings on energy, CO2 emissions and CFC leakages, and more so for developing countries than for developed countries. However, the low saliency of energy efficiency and monetary savings impedes the uptake of energy efficient appliances by end-use consumers and suppliers of residential appliances. Moreover, there is the lack of information on how consumers value different refrigerating appliances and appliance features as well as how much they are willing to pay for same. Applying a choice experiment approach, this paper valued consumers’ preferences for energy efficient refrigerating appliances and found that willingness to pay (WTP) is significant and positive at GH¢3,078.12 ($690). However, evidence of the influence of socio-demographics on WTP and preferences is inconclusive.

Suggested Citation

  • Asinyaka Michael, 2019. "Willingness to Pay for Energy Efficient Refrigerating Appliances in Accra, Ghana: A Choice Experiment Approach," Review of Economics, De Gruyter, vol. 70(1), pages 15-39, April.
    • Handle: RePEc:lus:reveco:v:70:y:2019:i:1:p:15-39:n:2
    DOI: 10.1515/roe-2018-0007
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    References listed on IDEAS

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