Introduction to Economics of Power Generation: A power station is required to deliver power to a large number of consumers to meet their requirements. While designing and building a power station, efforts should be made to achieve overall economy so that … (Read More)

Cost of Electrical Energy: The total Cost of Electrical Energy generated can be divided into three parts, namely ; Fixed cost ; Semi-fixed cost ; Running or operating cost. (i) Fixed cost: It is the cost which is independent of maximum demand and units … (Read More)

Methods of Determining Depreciation: There is reduction in the value of the equipment and other property of the plant every year due to depreciation. Therefore, a suitable amount (known as depreciation charge) must be set aside annually so that by the … (Read More)