Electricity is the prime mover of a modern society. Per capita consumption of electricity is an indicator of a country’s growth. This indicator depends on availability, quality and reliability of power and most particularly its overall cost. The cost of electricity governs its usage. Thus, electricity pricing is a major issue to consumers for its liberal use. But due to demand of social and technological advancements, the changes in power networks and their mode of operation are inevitable. Revolutionizing electric power industries encompasses technical and also various non-technical and economic issues. Still, as an inevitable consequence, power networks have been undergoing changes from regulated to deregulated structures, finally ...
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