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Economics of Electricity Supply

  • S. C. Bhattacharyya
Chapter

Abstract

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.

Keywords

Capacity Factor Unit Commitment Power Sector High Capital Cost Combine Cycle Plant 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Supplementary material

References

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Further Reading

  1. IEA (2004) World energy investment outlook. International Energy Agency, Paris (see http://www.iea.org//Textbase/nppdf/free/2003/weio.pdf)
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  3. Munasinghe M, Warford JJ (1982) Electricity pricing: theory and case studies. The John Hopkins University Press, BaltimoreGoogle Scholar
  4. Nakawiro T (2008) High gas dependence in electricity generation in Thailand: the vulnerability analysis. Unpublished Doctoral Thesis, University of Dundee, DundeeGoogle Scholar
  5. Park YM, Park JB, Won JR (1998) A hybrid genetic algorithm/dynamic programming approach to optimal long-term generation expansion planning. Int J Electr Pow Energy Syst 20(4):295–303CrossRefGoogle Scholar
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  7. Viscusi WK, Vernon JH, Harrington JE Jr (2005) Economics of regulation and antitrust. MIT Press, LondonGoogle Scholar

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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