In the highly capital-intensive electricity supply industry, it is essential that both engineers and managers understand the methodologies of project evaluation in order to comprehend and analyse investment proposals and decisions. This fully revised and updated edition of Economic Evaluation of Projects in the Electricity Supply Industry (IEE, 1996) takes a broad introductory approach, covering market and environmental issues, financial analysis and evaluation and clean environmental technologies and costs. New topics include electricity trading and risk management, evolving electricity utilities and new and future generation technologies in a carbon-constrained world.