Based on the author's direct experience with the National Grid Company, this text should interest worldwide utilities planning to follow the UK's initiatives. Covering analytical and technical aspects of grid deregulation, the text looks at the impact of deregulation on the theory and practice of investment appraisal. The author discusses markets and their shortcomings, the probable effects on long term efficiency and the structure of the industry, the impact on the organization of utilities, and the changing and developing opportunities for suppliers. This title considers both technical constraints and economic theory to facilitate comparison between state run utilities and those controlled by market forces.
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