An Economic Analysis of Policies for Promoting Economically Efficient Water Heater Systems Operating Under Seasonal Climatic Conditions

Arif Yurtsev () and Glenn Jenkins ()
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Arif Yurtsev: Eastern Mediterranean University, North Cyprus

No 2015-07, Development Discussion Papers from JDI Executive Programs

Abstract: This paper reports on an economic cost-effective analysis of water heating systems including solar water heating systems (SWHSs). This study finds that in situations where there is a winter, or a rainy season, the choice of the source of energy for the SWHS’s back-up during this period is critical for its overall cost-effectiveness. It is found that in the conditions of North Cyprus, an SWHS with electricity back-up is far superior to using electricity alone, however, it is inferior to heating water with either a liquefied petroleum gas (LPG) water heater alone or an SWHS with an LPG back-up. Policies to promote water heating systems that reduce the use of electricity should not encourage the installation of SWHSs with electricity back-up. An LPG water heater or an SWHS with an LPG back-up are economically more cost-effective, with or without the inclusion of the social cost of carbon estimates.

Keywords: Cost-effectiveness analysis; water heater systems; North Cyprus. (search for similar items in EconPapers)
JEL-codes: D61 Q42 Q48 Q50 R20 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2015-07
New Economics Papers: this item is included in nep-ene and nep-env
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Journal Article: An economic analysis of policies for promoting economically efficient water heater systems operating under seasonal climatic conditions (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:qed:dpaper:279

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