Electricity Economics

Rothwell

ISBN 10: 0471234370 / ISBN 13: 9780471234371

Published by John Wiley and Sons Ltd, 2003

About this Item

Written originally as a manual for the Federal Energy Commission to train regional rate regulators, this is a clear, comprehensive primer on the principles of economics and finance underlying the regulation of electricity markets and the deregulation of electricity generation. Series: IEEE Press Series on Power Engineering. Num Pages: 304 pages, Illustrations. BIC Classification: KCC; KNBL; RNF. Category: (P) Professional & Vocational. Dimension: 244 x 167 x 22. Weight in Grams: 596. . 2003. 1st Edition. Hardcover. . . . . Books ship from the US and Ireland.

Seller Inventory # V9780471234371

Bibliographic Details

• Title: Electricity Economics
• Publisher: John Wiley and Sons Ltd
• Publication Date: 2003
• Language: English
• ISBN 10: 0471234370
• ISBN 13: 9780471234371
• Binding: Hardcover
• Condition: New

About this title

Synopsis

A lucid and up-to-date introduction to understanding electrical power utilities in an era of change

Electric utilities worldwide are undergoing profound transformations: nationally owned systems are becoming privatized, privately owned systems that were previously regulated are becoming deregulated, and national systems are becoming international.

Professionals in the power sector must now work in a new world in which an understanding of the principles of markets and how to evaluate investment projects under competition are essential.

This 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, this book provides professionals in the power sector with the tools to face the new realities of electric utility operation.

Designed both as a reference for practicing professionals and as a textbook for university and continuing education programs, Electricity Economics: Regulation and Deregulation discusses:

• The lessons learned from international experiences
• Competitive versus noncompetitive markets
• Cost and supply, profit, and economic efficiency
• The cost of capital, including net present value, discounting, and risk and return
• Wholesale power markets, generation expansion, and customer choice
• Specific international examples including the Californian, Norwegian, Spanish, and Argentine power sectors
• Plus numerous exercises to help clarify and support absorption of the concepts

About the Author

GEOFFREY ROTHWELL is a senior lecturer in the Department of Economics at Stanford University and a senior research associate at the Stanford Institute for Economic Policy Research. He received his MS and PhD at the University of California, Berkeley. 

TOMÁS GÓMEZ is a professor of electrical engineering at Universidad Pontificia Comillas, Madrid, Spain. He is currently Vice Rector of Research and formerly was the director of the Instituto de Investigación Tecnológica at the same university.