Friday, April 13, 2012

Electrical Engineering Economics

D.J.Bolton,  Electrical Engineerign Economics, Chapman and Hall, London, 1951.
G. P. Chalotra, Electrical Engineerign Economics, Khanna Publishers, India

Research Papers



Ernst Worrell,1 Stephan Ramesohl,2 and Gale Boyd3
1Energy Analysis Department, Lawrence Berkeley National Laboratory, Berkeley, California 94720; email:
2Energy Division, Wuppertal Institute for Climate, Environment, Energy, 42103 Wuppertal, Germany; email:
3Decision and Information Sciences Division, Argonne National Laboratory, Argonne, Illinois 60439; email:
Annual Review of Environment and Resources
Vol. 29: 345-381 (Volume publication date November 2004)

▪ Abstract

New energy efficiency policies have been introduced around the world. Historically, most energy models were reasonably equipped to assess the impact of classical policies, such as a subsidy or change in taxation. However, these tools are often insufficient to assess the impact of alternative policy instruments. We evaluate the so-called engineering economic models used to assess future industrial energy use. Engineering economic models include the level of detail commonly needed to model the new types of policies considered. We explore approaches to improve the realism and policy relevance of engineering economic modeling frameworks. We also explore solutions to strengthen the policy usefulness of engineering economic analysis that can be built from a framework of multidisciplinary cooperation. The review discusses the main modeling approaches currently used and evaluates the weaknesses in current models. We focus on the needs to further improve the models. We identify research priorities for the modeling framework, technology representation in models, policy evaluation, and modeling of decision-making behavior.


Daniel M. Kammen1,2 and Sergio Pacca3
1Energy and Resources Group and University of California, Berkeley, California 94720-3050; email:
2Goldman School of Public Policy, University of California, Berkeley, California 94720-3050
3Center for Sustainable Systems, School of Natural Resources & Environment, University of Michigan, Ann Arbor, MI 48109-1115; email:
Annual Review of Environment and Resources
Vol. 29: 301-344 (Volume publication date November 2004)
▪ Abstract
 We review the economics of electricity generated, or conserved, from a diverse range of fossil-fuel, nuclear, and renewable energy sources and energy efficiency options. At the same time, we survey the methods used to compute the costs of generated and delivered electricity and power, including bus bar costs; wholesale and retail marketplace costs; life-cycle accounting systems; premiums associated with political, social, and environmental risks; costs that reflect explicit and implicit subsidies; costs inclusive of externalities calculated by a variety of means; and net costs, including a range of proposed and potential environmental tax regimes. These diverse and at times conflicting analytic methods reflect a wide range of assumptions and biases in how the inputs for energy generation as well as how the subsidies and social and environmental costs are computed or, is often the case, neglected. This review and tutorial provides side-by-side comparisons of these methods, international cost comparisons, as well as analysis of the magnitude and effects of a range of technological, market-based, and subsidy-driven costs on the final price of electricity. Comparability of costs between supply and conservation technologies and methods in the energy sector has consistently been a problem, and the diversity of energy cost accounting schemes provides significant opportunity for very different arguments to be made for specific technologies, regulatory and market regimes, and a wide range of social and environmental taxes. We provide a review of the tools and a commentary on how these methods are used to determine the cost of energy services. The conclusion contains an analysis of how these methods of energy valuation are similar, how they differ, as well as an analysis of the explicit and implicit assumptions that underlie each approach.

An Engineering-Economic Analysis of Combined Heat and Power Technologies in a μGrid Application, Owen Bailey, Boubékeur Ouaglal, Emily Bartholomew, Chris Marnay, and Norman Bourassa, Prepared for the  United States Environmental Protection Agency,

Original knol - 648

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