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 updated and expanded edition of Economic Evaluation of Projects in the Electricity Supply Industry takes a broad introductory approach, covering planning and investment, financial analysis and evaluation, risk management, electricity trading, and strategies, technologies, national requirements and global agreements for electricity generation in a carbon-constrained world. 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. Economic Evaluation of Projects in the Electricity Supply Industry, 3rd Edition 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.