Optimal Pricing and Investment in Electricity Supply
An Esay in Applied Welfare Economics
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