Power System Economics

ScarcityCross elasticityIncome elasticityExclusive, Rival PropertyThese terms are pieces of the most important ecomic basis.By Exclusiveness and Rival

While farmers sell different types of fruit and vegetables on this market, today you are looking at the apples.The number of apples you purchase depen

We are now going to discuss how markets operate and how different types of markets serve different purposes.Besides the obvious need to agree on quali

So far, we have assumed that no market participant has the ability to influence the marke tprice through its individual actionsA market where all part

Determine the electricity market structure that exists in your region or country or in another area where you have access to sufficient information. D

We took the perspective of a potential investor who tries to deciede whether to build a new generating plantWe also considered the decision process of