Evolution and Determinants of Consumer Interest in Renewable Energy in Ecuador: A Temporal Perspective

Authors

  • Diana Margarita Vera Arroyo Luis Vargas Torres Technical University of Esmeraldas, Ecuador
  • Mariuxi Elizabeth Garcés Wila Luis Vargas Torres Technical University of Esmeraldas, Ecuador
  • José Gilberto Argandoña Moreira Luis Vargas Torres Technical University of Esmeraldas, Ecuador
  • Francisco Abel Gresely Santi Luis Vargas Torres Technical University of Esmeraldas, Ecuador
  • Jonathan Patricio Cárdenas-Ruperti Luis Vargas Torres Technical University of Esmeraldas, Ecuador

DOI:

https://doi.org/10.32479/ijeep.16338

Keywords:

Renewable Energies, Consumer Interest, Energy Industry, Ecuador

Abstract

Through an empirical analysis of the evolution of Ecuadorian consumers' interest in renewable energy and the factors influencing it, this study seeks to provide an understanding of the popularity and uptake of clean energy in a Latin American country with a significant renewable energy sector. Relevant data on economic and socio-environmental variables were collected and the effect of these variables on indicators of consumer interest in renewable energy was evaluated. The results indicate that Ecuadorian consumers' interest in renewable energy has shown a growth trend in recent years and is influenced by multiple factors, such as the relative production of renewable energy, energy prices and information about natural disasters. Overall, this research contributes to understanding the dynamics of public interest in renewable energy in developing economies such as Ecuador, emphasizing the importance of understanding the evolution of consumer perspective considering not only cost-benefit relationships but also responses to environmental events.

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Published

2024-07-05

How to Cite

Vera Arroyo, D. M., Garcés Wila, M. E., Argandoña Moreira, J. G., Gresely Santi, F. A., & Cárdenas-Ruperti, J. P. (2024). Evolution and Determinants of Consumer Interest in Renewable Energy in Ecuador: A Temporal Perspective. International Journal of Energy Economics and Policy, 14(4), 642–653. https://doi.org/10.32479/ijeep.16338

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Articles