Economic Fundamentals of Power Plant Performance
Routledge – 2011 – 320 pages
Stability of the electricity industry is crucial for economic growth of all nations. Sustainable economic growth cannot be accomplished without secured energy supply. The book underlines how management of the electricity industry should be conducted and the efficient form of electricity market structure. The book also studies the electricity industry in Korea which has been a strongly supportive and vital factor in the economic development of Korea for the last few decades.
The book focuses on the three market players of the electricity market and they are the suppliers, consumers and the government-related organizations. It includes detailed information on generation and finances at the generator level and analyzes the efficiency differences among generators, plants and business units by using different performance measurement methods. It identifies and analyzes different production factors' effectiveness and relationships in generation. The comprehensive analysis helps to provide explanations in the differences in the performance of the studied units. The book also discusses the implications of the findings for future resource allocation and how we can further enhance the efficiency of the industry.
The book will appeal to those interested in energy and energy policies, as well as researchers and practitioners in the economic development and electricity and utilities industry.
1. Introduction 2. The Korean Electricity Industry 3. Market Structure of the Electricity Industry 4. Global Trends in Electricity Industry and Energy Consumption 5. Overview of Performance Methodologies 6.Previous Efficiency Analysis of Electricity Generation 7. The General Level Data 8. Analysis of Performance at the Generator Level and Policy Implications 9. Summary and Conclusions
Almas Heshmati is Professor of Applied Economics at Department of Food and Resource Economics, College of Life Sciences and Biotechnology, Korea University. He held similar positions at the Seoul National University, the University of Kurdistan Hawler, The RATIO Institute in Sweden and the MTT Agrifood Research in Finland. He was Research Fellow at the World Institute for Development Economics Research (WIDER), The United Nations University during 2001-2004. From 1998 until 2001, he was an Associate Professor of Economics at the Stockholm School of Economics. He has a Ph.D. degree from the University of Gothenburg (1994), where he held a Senior Researcher position until 1998. His research interests include applied microeconomics, globalization, development strategy, economics of energy, efficiency, productivity and growth with application to manufacturing and services. In addition to more than 80 journal articles he has published books on EU Lisbon Process, Global Inequality, East Asian Economies, Chinese Economy, Technology Transfer, Information Technology, Management of Water Resources, and Development Economics.