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

  • Michael Asinyaka ORCID logo EMAIL logo
Published/Copyright: May 7, 2019

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.

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Published Online: 2019-05-07
Published in Print: 2019-05-27

© 2019 Oldenbourg Wissenschaftsverlag GmbH, Published by De Gruyter Oldenbourg, Berlin/Boston

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