Individual Heating systems vs. District Heating systems: What will consumers pay for convenience?

Taeyeon Yoon, Yongsun Ma and Charles Rhodes

Energy Policy, 2015, vol. 86, issue C, 73-81

Abstract: For Korea's two most popular apartment heating systems – Individual Heating (IH) and District Heating (DH), – user convenience rests heavily on location of the boiler, availability of hot water, administration of the system, and user control of indoor temperature. A double-bounded dichotomous choice method estimates consumer value for convenience, in a hypothetical market. Higher-income more-educated consumers in more expensive apartments prefer DH. Cost-conscious consumers, who use more electrical heating appliances and more actively adjust separate room temperatures, prefer IH.

Keywords: District heating; Residential heating systems; User convenience; Consumer preference; Double-bounded dichotomous choice method (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (18)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:86:y:2015:i:c:p:73-81

DOI: 10.1016/j.enpol.2015.06.024

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