by Auyang Wai Keung. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1999. / Includes bibliographical references (leaves 58-59). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / LIST OF ILLUSTRATIONS --- p.v / LIST OF TABLES --- p.vi / PREFACE --- p.vii / CHAPTER / Chapter I. --- INTRODUCTION --- p.1 / Background of Electric Power Industry --- p.2 / History of Utilities Pricing --- p.4 / Peak-load Pricing --- p.5 / "Power Generation, Transmission and Distribution" --- p.6 / Form of Power Generation and Their Cost Structure --- p.7 / Nuclear Power --- p.7 / Hydropower --- p.8 / Thermal Power --- p.9 / Load Curve Analysis --- p.11 / Summary --- p.12 / Chapter II --- METHODOLOGY --- p.14 / Chapter III --- EFFICIENCY PRICING --- p.15 / Assumption of the Study --- p.15 / Overview of Natural Monopoly --- p.15 / Marginal Cost Pricing with Subsidization --- p.17 / Deviate from Marginal Cost Pricing --- p.18 / Efficiency Pricing Using Linear Pricing --- p.18 / Ramsey Pricing --- p.19 / Efficiency Pricing Using Nonlinear Pricing --- p.23 / Uniform Two-part Tariffs --- p.23 / Block Tariffs or Multipart Tariffs --- p.23 / Hopkinston Electricity Tariff --- p.25 / Rationale for Two-part Tariff --- p.26 / Chapter IV --- PEAK-LOAD PRICING --- p.28 / Model of Peak-load Pricing --- p.28 / Implication of the Model --- p.32 / Full Capacity Never Reach --- p.32 / Peak-period Price Exceeds the Off-peak-period Price --- p.32 / Deficit or not at Optimum Prices --- p.33 / Welfare Maximization --- p.34 / Diverse Technology --- p.36 / Case 1 --- p.38 / Case 2 --- p.38 / Case 3 --- p.38 / Practical Considerations for Peak-load Pricing --- p.40 / Benefit Analysis --- p.40 / Principle Cost of Adopting PLP --- p.43 / Chapter V --- CASE STUDY: A UTILITY IN GUANGDONG PROVINCE --- p.44 / Background of the CPC --- p.44 / Purchasing Process of Energy from Network and Local Power Plants by CPC --- p.45 / Selling Process of Energy to Consumers by CPC --- p.46 / Reasons of Unsuccessful Peak-load Pricing in Guangdong Province and CPC --- p.48 / Supply and Demand --- p.48 / Demand Elasticity --- p.51 / Substitution --- p.52 / Chapter VI --- CONCLUSION --- p.53 / Energy Purchasing from Network --- p.53 / Power Generation Separate from Utility --- p.54 / Pool Pricing --- p.54 / Conclusion --- p.56 / Appendix 1 --- p.57 / BIBLIOGRAPHY --- p.58