Skip to main content
Disciplines
Automotive Business IT + Informatics Construction + Real Estate Electrical Engineering + Electronics Energy + Sustainability Insurance + Risk Finance + Banking Management + Leadership Marketing + Sales Mechanical Engineering + Materials
Events
DE
EN
Books
Journals
Topic Page
Marketing
Start single access now
Access for companies
EXTENDED SEARCH
Log in
Top
Published in:
Introduction to Energy Economics Read chapter Read first chapter

2011 | OriginalPaper | Chapter

10. Economics of Electricity Supply

Author : S. C. Bhattacharyya

Published in: Energy Economics

Publisher: Springer London

Log in

Activate our intelligent search to find suitable subject content or patents.

search-config
loading …

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.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

inform now

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 390 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Maschinenbau + Werkstoffe




 

Jetzt Wissensvorsprung sichern!

inform now

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

inform now
previous chapter Economics of Non-Renewable Resource Supply
next chapter The Economics of Renewable Energy Supply
Appendix
Available only for authorised users
Footnotes
1
Refer to Kirschen and Sadi (2004) for more on electricity system economics in the competitive era.
 
2
For a more detailed analysis of the reliability concepts related to the electricity sector and its incorporation in the system analysis, consult Munasinghe (1979).
 
3
Hydro-thermal systems require somewhat more complicated analysis.
 
4
Energy-not-served (ENS) or expected un-served energy is “the expected amount of energy not supplied per year owing to deficiencies in generating capacities and/or shortage in energy supplies” (International Atomic Energy Agency (IAEA), 1984).
 
Literature
CERI (2004) Levelised unit electricity cost comparison of alternate technologies for baseload generation in Ontario. Canadian Energy Research Institute, Calgary, Canada
Foley AM, O’Gallachoir BP, Hur J, Baldick R, McKeogh EJ (2010) A strategic review of electricity system models. Energy, 35(12):4522–4530CrossRef
Heptonstall P (2007) A review of electricity unit cost estimates. UKERC working paper, UKERC/WP/TPA/2007/006, UK Energy Research Centre (see www.​ukerc.​ac.​uk)
Hertzmark D (2007) Risk assessment methods for power utility planning. Special report 001/07 March 2007; Energy Sector Management Assistance Programme of the World Bank, Washington DC
Hobbs BF (1995) Optimisation methods for electricity utility resource planning. Eur J Oper Res 83(1):1–20MATHCrossRef
International Atomic Energy Agency (IAEA) (1984) Expansion planning for electrical generating system: a guidebook, Vienna
International Atomic Energy Agency (IAEA) (1998) Wien Automatic System Planning (WASP) package: a computer code for power generating system expansion planning version. WASP-IV—user’s manual, Vienna
Kagiannas AG, Askounis DTh, Psarras J (2004) Power generation planning: a survey from monopoly to competition. Int J Electr Pow Energy Syst 26:413–421CrossRef
Kirschen D, Sadi, (2004) Fundamentals of power system economics. Wiley, London (see ebrary)CrossRef
Koomey J, Rosenfeld AH, Gadgil A (1990) Conservation screening curves to compare efficiency investments to power plants: applications to commercial sector conservation programms. In: Proceedings of the 1990 ACEEE Summer Study on Energy Efficiency in Buildings, Asilomar, CA (see http://​enduse.​lbl.​gov/​info/​ConsScreenCurves​.​pdf)
Masters GM (2004) Renewable and efficient electric power systems. Wiley, New JerseyCrossRef
Munasinghe M (1979) The economics of power system reliability and planning. The John Hopkins University Press, Baltimore
Stoll HG (1989) Least cost electric utility planning. Wiley, New York
Wood AJ, Woolenberg BF (1996) Power generation, operation and control, 2nd edn. Wiley-Interscience, New York
Marsh WD (1980) Economics of electric utility power generation. Oxford University Press, London
Munasinghe M, Warford JJ (1982) Electricity pricing: theory and case studies. The John Hopkins University Press, Baltimore
Nakawiro T (2008) High gas dependence in electricity generation in Thailand: the vulnerability analysis. Unpublished Doctoral Thesis, University of Dundee, Dundee
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):295–303CrossRef
Viscusi WK, Vernon JH, Harrington JE Jr (2005) Economics of regulation and antitrust. MIT Press, London
Metadata
Title
Economics of Electricity Supply
Author
S. C. Bhattacharyya
Copyright Year
2011
Publisher
Springer London
Book
Energy Economics

Print ISBN: 978-0-85729-267-4

Electronic ISBN: 978-0-85729-268-1

Copyright Year: 2011

DOI
https://doi.org/10.1007/978-0-85729-268-1_10