Utility and Welfare Optimization - Theory and Practice in Electricity

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.