Utility and Welfare Optimization

1. Front Matter

   Pages i-xv

   PDF

2. Introduction

   • Chris Harris

   Pages 1-3

3. The Political Economic Framework

   • Chris Harris

   Pages 5-37

4. Economic and Market Framework

   • Chris Harris

   Pages 39-66

5. Core Welfare Modeling Factors

   • Chris Harris

   Pages 67-139

6. Current Topics in Electricity

   • Chris Harris

   Pages 141-198

7. Conclusion

   • Chris Harris

   Pages 199-203

8. Technical Appendices

   • Chris Harris

   Pages 205-233

9. Back Matter

   Pages 235-261

   PDF

Utility and Welfare Optimization in Electricity Market s 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.

• foundation
• modeling
• optimization
• utility
• Welfare

"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

Chris Harris is Honorary Fellow in Energy Policy at Exeter University, UK, following a period as Visiting Professor in Sustainable Power Distribution at Bath University, UK. He is Head of Regulation at RWE npower, with previous roles including heads of internal markets, asset optimization and asset management. He has PhDs in fracture mechanics and regulatory economics.

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