Chapter 7
Energy economics
Laveet Kumar, M.A.A. Mamun, and M. Hasanuzzaman
Higher Institution Centre of Excellence (HICoE), UM Power Energy Dedicated Advanced Centre (UMPEDAC), Level 4, Wisma R&D, University of Malaya, Jalan Pantai Baharu, Kuala Lumpur, Malaysia
Abstract
Energy economics is a branch of applied economics, and this chapter introduces the basics of energy economics and its principles. It provides a general understanding of the different costs and business models being used in the implementation of energy sector projects. Moreover, energy economics deals with the time value of money—i.e., the potential earning capacity of money after adjusting for interest over time. Different methods to calculate the rate of interest ...
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