Developments covered by this new edition include the changing mix of fuels in the power generation sector, greater involvement of the private sector in power generation investments through independent power producers, the important role of regulations, the growing interest in clean electricity generation, the economics of investing in renewables, the introduction of smart grids and intelligent meters and networks, and cyber security. is essential reading for academic and industrial engineers and economists concerned with energy supply, students of energy economics and planning, industry planners and project managers, and government and regulatory officials.