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The Demand for Electricity Services and the Quality of Supply

The spiraling costs of energy within the last decade have stimulated renewed interest in the increased efficiency of energy production and consumption.' Electricity is a relatively mature sector where considerable theoretical work on the economic aspects has been carried out since the 1950s.2 While the microeconomic principles underlying optimal investment planning and pricing policy have received much attention in the recent literature, less effort has been devoted to the effects of quality of supplyand output reliability.

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Energy Specializations: Energy Modeling – Forecasting and Market Analysis; Electricity – Markets and Prices

JEL Codes:
D4 -
D42 - Market Structure, Pricing, and Design: Monopoly

Keywords: Optimal investment planning, Electricity supply, Reliability, Electricity industry

DOI: 10.5547/ISSN0195-6574-EJ-Vol4-No2-5

Published in Volume 4, Number 2 of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.