Cost of Power Generation - Thermal, Hydro and Nuclear - Types of Consumers in a distribution system - Domestic, Commercial,
Industrial etc. Concepts of load factor, power factor, diversity factor, demand factor.
Electricity Tariff - Block rate, flat rate, two part, three part tariffs. Subsidization and cross subsidization. Availability tariff of
generation companies. Pool tariff of transmission companies.
Economics of Power Generation - Incremental fuel cost. Unit commitment. Spinning reserve.
Economic Dispatch - Computation of transmission loss. Active and reactive power optimization. Upper and lower frequency limits.
Optimal hydro - thermal scheduling.