The impact of deregulation on the theory and practice of investment appraisal is addressed in this comprehensive treatment of the restructuring of the electricity supply industry. Demonstrating that the classical approach to generation investment appraisal is no longer valid, a new approach is developed using three economic models to represent differing market conditions. Highlighting the impact on the organisation of the utilities and their suppliers, Electricity Markets offers essential advice for survival in the deregulated environment worldwide. Features include:
* Examination of...

Power Markets and Economics examines electricity markets around the world focusing on appropriate market structures and mechanisms, forecasting and investment opportunities. The book starts by introduces the industry infrastructure, analysing state utilities and the motives behind liberalisation and the resulting structures.