An update of the well-received Power System Economics (IEE, 1983) this title offers additional consideration of issues such as short-term programmes, the effect of the markets, the use of spot or real-time pricing, consumer and demand response, privatisation, and conservation and environmental maintenance.

Tom Berrie first spent 20 years as an engineer-economist with the UK electricity supply industry on generation, transmission and distribution planning and economics. He was then a senior Public Utility Economist with the World Bank in Washington DC. For the last 16 years he has been an independent consultant to the World Bank, UKODA. The Crown Agents, the Monopolies and Mergers Commission and several large consulting firms. He is a part author of three books and the sole author of two including Power System Economics published by the IEE in 1983. He is well known for his pioneering work in electricity spot pricing and in the last few years, his publishing and lecturing on electricity privatisation, deregulation, competition, market clearing and accountability.

• Chapter 1: World outlook


• Chapter 2: Electricity sector assessment


• Chapter 3: Demand forecasting, management and reliability


• Chapter 4: Efficiency, conservation and the environment


• Chapter 5: Public versus private


• Chapter 6: Pricing


• Chapter 7: Development programmes


• Chapter 8: Developing countries