Optimal Pricing and Investment in Electricity Supply: An Esay in Applied Welfare Economics, 1st Edition (Hardback) book cover

Optimal Pricing and Investment in Electricity Supply

An Esay in Applied Welfare Economics, 1st Edition

By Ralph Turvey

Routledge

132 pages

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Hardback: 9781138501157
pub: 2017-09-07
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Description

Originally published in 1968, this book was one of the first full-scale published studies of the principles of investment planning and of the structure of marginal costs in a public enterprise. The concepts involved were more developed and applied in the world's electricity industries than elsewhere, and this book will be of interest to both engineers and administrators who are concerned with electricity supply, by setting out the characteristics of investment planning in this sector and the implications for cost analysis.

Table of Contents

1. Minimum cost Operation of a Thermal Power System 2. The Optimal Plant Mix in the Plant Programme 3. The Background Plan 4. Long-Run Marginal Cost 5. Risk and Uncertainty in Generation 6. Investment and cost Structure in Distribution 7. The Quality of Service 8. Marginal Costs and Optimal Pricing 9. Tariffs

About the Series

Routledge Library Editions: Energy Economics

In view of the recent decline of the quality of various domestic energy and natural resources and the uncertain nature of the availability of foreign supplies it is becoming increasingly important for many countries to be able to forecast more reliably the demand for energy and resources. Many of the volumes in this set, originally published between 1936 and 1995, provide models with which to measure the impact of policy decisions and technological change. Others analyze and discuss many of the issues which have enduring relevance: ailing global coal mining industries, the advent of new energy forms, increased competition from cheaper sources, strict pollution legislation and the impact that all of these issues have on productivity and employment.

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Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General
BUS069020
BUSINESS & ECONOMICS / International / Economics
BUS069030
BUSINESS & ECONOMICS / Economics / Theory
BUS070040
BUSINESS & ECONOMICS / Industries / Energy Industries