Presents a critical and multi-disciplinary look at the electricity supply industry. This volume includes a discussion of the world's largest growing electricity markets, China, India and the developing world, and their special concerns, including institutional factors which play a dominant role. It is suitable for engineers, and economists.

This is a critical and multi-disciplinary look on the electricity supply industry at a time when it has reached a new watershed. Written as a graduate level text for engineers, economists and policy makers, the book will be an advanced text but written to be intelligible to a wide professional community. The text will overlap the technical, economic and institutional aspects of the reformed industry. It incorporates an evaluation of progress to date and a critical review of impending changes in direction. The volume includes a discussion of the world's largest growing electricity markets, China, India and the developing world, and their special concerns, including institutional factors which play a dominant role.

I. Overview. -Structure of the New Electricity Supply Industry. -Competitive Dispatch and Optimal Investment Strategies. -Deregulated System Operation and Market Design. -Overview of Achievements and Failures in the Last Decade. -Part II. Power Market Strategies. -Generator Competitive Strategies. -Transmission Planning Investment and Institutional Strategies. -Distribution, Supply and Retail Competition. -Ancillary Services Procurement. -Part III. Emerging Challenges. -Oligopoly and the Exercise of Market Power. -Power Sector Reform and Private Investment in Developing Countries. -Growth and Reform of the Electricity Market in China and India. -Reform re-evaluated.