* Explains the principles of markets and how to evaluate investment projects under competition.
* With the growth of electricity markets in many countries, this has wide relevance for operators of electricity generation facilities worldwide.
* Ideal for electrical engineers employed in the electric utility industry who have little background in economics and financing.
* Appropriate for utility industry professionals in regions of the world now considering or experiencing electric utility liberalization or deregulation.

GEOFFREY ROTHWELL is a senior lecturer in the Department of Economics at Stanford University and a senior research associate at the Stanford Institute for Economic Policy Research. He received his MS and PhD at the University of California, Berkeley. 

TOMÁS GÓMEZ is a professor of electrical engineering at Universidad Pontificia Comillas, Madrid, Spain. He is currently Vice Rector of Research and formerly was the director of the Instituto de Investigación Tecnológica at the same university.

Preface.

Nomenclature.

Electricity Regulation and Deregulation.

Electricity Economics.

The Cost of Capital.

Electricity Regulation.

Competitive Electricity Markets.

The California Power Sector (Ryan Wiser, et al.).

The Norwegian and Nordic Power Sectors (Helle Grønli).

The Spanish Power Sector.

The Argentine Power Sector.

Glossary.

References.

Author Index.

Subject Index.

About the Authors.