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Austin, C O (2011) A contingent valuation model for assessing electricity demand. Journal of Financial Management of Property and Construction, 16(02), 126–46.
- Type: Journal Article
- Keywords: Cluster analysis; Developing countries; Electricity reform; Electricity supply reliability; Electricity tariff; Electricty industry; Nigeria
- ISBN/ISSN: 1366-4387
- URL: https://doi.org/10.1108/13664381111153114
Purpose – The purpose of this paper is to focus on households' willingness to pay for electricity consumption and mitigation expenditure due to poor electricity infrastructure as a measure of demand and tariff setting. Design/methodology/approach – In this paper, the demand side management (DSM) approach was adopted in establishing user demand for electricity in the study area. Findings – Based on the high cost (averting expenditure) of providing alternative power supply, households are willing to pay extra for more reliable and regular power supply. Practical implications – The study is a deviation from the usual command or supply side management approach to infrastructure provision and management. Originality/value – There is limited research on DSM approach to electricity infrastructure provision in Nigeria. The study will enhance the chances of cost recovery under private-public partnership arrangement. The paper identifies that a reliable and reasonable priced electricity supply is essential for a developing country.