Utility and Welfare Optimization

Theory and Practice in Electricity

By: Chris Harris

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Hardcover | 1 October 2015

At a Glance

Hardcover
280 Pages

Dimensions(cm)
22.5 x 14.5 x 2.2

Hardcover

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Utility and Welfare Optimization lays out clear optimization strategies for understanding the economic foundations of regulatory supply measures, further cementing electricity's role as an asset class with fixed and variable costs. This work presents a global recasting of electricity market design, and it will be of direct use to practitioners, academics, commentators, planners, and policy makers in electricity. Harris places electricity firmly in the canon of the microeconomics and econo-engineering of utility optimization, from bridges to broadband infrastructure. His findings and research offer a fresh alternative to prevailing policies and regulations.

Industry Reviews

"Harris provides a very perspicacious and readable overview of the theory and, importantly, the practice of welfare maximization in electricity. Unusually, he has written a book that bridges the usual divide between socio-political concerns and quantitative economic dimensions, and is all the stronger for it." - Catherine Mitchell, Professor of Energy Policy, Exeter University, UK

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