Economics of Electricity Supply

  • S. C. Bhattacharyya


This chapter provides an introduction to the economic concepts related to the electricity sector. It introduces the key concepts related to the electricity supply industry (such as load duration curve, capacity factor, and load diversity) and provides simple decision-making tools such as merit order dispatch, levelised costs and screening curves that are used in the industry.


Capacity Factor Unit Commitment Power Sector High Capital Cost Combine Cycle Plant 
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Supplementary material


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Copyright information

© Springer-Verlag London Limited 2011

Authors and Affiliations

  1. 1.University of Dundee, Centre for Energy, Petroleum and Mineral, Law and PolicyDundeeUK

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