Household willingness to pay for a smart water metering and monitoring system: The case of South Korea

A. Mi Koo; Ju Hee Kim; Seung Hoon Yoo

doi:10.1016/j.jup.2022.101452

Household willingness to pay for a smart water metering and monitoring system: The case of South Korea

A. Mi Koo, Ju Hee Kim, Seung Hoon Yoo

Dept. of Future Energy Convergence

Seoul National University of Science and Technology (SNUST)

Research output: Contribution to journal › Article › peer-review

5 Scopus citations

Abstract

This paper attempts to appraise the public value of expanding the introduction of a smart water metering and monitoring system (SWMMS) nationwide by adopting a contingent valuation approach of asking about a consumer's preference for a good using a survey of people. Randomly chosen 1000 households were interviewed using the one-and-one-half-bounded question. The monthly public value was obtained as KRW 862 (USD 0.77) per household, equivalent to 6.6% of a water bill. The monthly related cost was calculated as KRW 425 (USD 0.38) per household. Thus, the introduction of an SWMMS would be socially profitable.

Original language	English
Article number	101452
Journal	Utilities Policy
Volume	79
DOIs	https://doi.org/10.1016/j.jup.2022.101452
State	Published - Dec 2022

Keywords

Contingent valuation
Public value
Smart water metering and monitoring system

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.jup.2022.101452

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title = "Household willingness to pay for a smart water metering and monitoring system: The case of South Korea",

abstract = "This paper attempts to appraise the public value of expanding the introduction of a smart water metering and monitoring system (SWMMS) nationwide by adopting a contingent valuation approach of asking about a consumer's preference for a good using a survey of people. Randomly chosen 1000 households were interviewed using the one-and-one-half-bounded question. The monthly public value was obtained as KRW 862 (USD 0.77) per household, equivalent to 6.6\% of a water bill. The monthly related cost was calculated as KRW 425 (USD 0.38) per household. Thus, the introduction of an SWMMS would be socially profitable.",

keywords = "Contingent valuation, Public value, Smart water metering and monitoring system",

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year = "2022",

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language = "English",

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T1 - Household willingness to pay for a smart water metering and monitoring system

T2 - The case of South Korea

AU - Koo, A. Mi

AU - Kim, Ju Hee

AU - Yoo, Seung Hoon

PY - 2022/12

Y1 - 2022/12

N2 - This paper attempts to appraise the public value of expanding the introduction of a smart water metering and monitoring system (SWMMS) nationwide by adopting a contingent valuation approach of asking about a consumer's preference for a good using a survey of people. Randomly chosen 1000 households were interviewed using the one-and-one-half-bounded question. The monthly public value was obtained as KRW 862 (USD 0.77) per household, equivalent to 6.6% of a water bill. The monthly related cost was calculated as KRW 425 (USD 0.38) per household. Thus, the introduction of an SWMMS would be socially profitable.

AB - This paper attempts to appraise the public value of expanding the introduction of a smart water metering and monitoring system (SWMMS) nationwide by adopting a contingent valuation approach of asking about a consumer's preference for a good using a survey of people. Randomly chosen 1000 households were interviewed using the one-and-one-half-bounded question. The monthly public value was obtained as KRW 862 (USD 0.77) per household, equivalent to 6.6% of a water bill. The monthly related cost was calculated as KRW 425 (USD 0.38) per household. Thus, the introduction of an SWMMS would be socially profitable.

KW - Contingent valuation

KW - Public value

KW - Smart water metering and monitoring system

UR - https://www.scopus.com/pages/publications/85141497077

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DO - 10.1016/j.jup.2022.101452

M3 - Article

AN - SCOPUS:85141497077

SN - 0957-1787

VL - 79

JO - Utilities Policy

JF - Utilities Policy

M1 - 101452

ER -

Household willingness to pay for a smart water metering and monitoring system: The case of South Korea

Abstract

Keywords

UN SDGs

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