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Electricity Economics: Regulation and Deregulation

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A lucid and up-to-date introduction to understanding electrical power utilities in an era of chane. The author have written this book for the thousands of professionals working in the electric utility industries around the world who need to understand the economics underlying changes in electricity regulation and emerging electricity markets. Electric utilities are undergoing profound transformations: Nationally owned systems are becoming privatized, privately owned systems that were regulated are becoming deregulated, and national systems are becoming international.rnThe underlying theme of these changes is one of replacing monopoly with competition. Changes in electricity generation technology have prompted the realization that generation need not be a regulated monopoly to be socially efficient. Unlike transmission and distribution, which are best served by regulated monopolies under current technology, the regulation of generation and retail sales might be best done through market discipline.rnProfessionals in the power sector who were trained to work for electricity monopolies must now work in a new world, one in which economic efficiency is replacing technical efficiency as the conerstone of decision making. A new world in which an understanding of the principles of markets and how to evaluate investment projects under competition are essential.rnThe body of the text is presented with a minimum of mathematics. On the other hand, exercises in the chapters of the first half of the book rely on the reader's understanding of mathematics, particularly calculus. rnThis text was written as a manual for the Russian Federal Energy Commission to train regional electricity rate regulators in the principles of economics and finance involved in regulating electricity markets and deregulating electricity generation. Requiring no familiarity with economics and using a minimum of mathematics.

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Ketersediaan

090101985

Tersedia

Informasi Detil

Judul Seri

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No. Panggil

621.3:346.51

Penerbit

IEEE Press : Canada., 2003

Deskripsi Fisik

xxvi, 278 p.

Bahasa

English

ISBN/ISSN

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Klasifikasi

621.3:346.51

Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subyek

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Info Detil Spesifik

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Pernyataan Tanggungjawab

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Versi lain/terkait

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