Présentation de l'éditeur
This book is an outgrowth, and in fact a by-product, of the authors practical work. But it is his purpose to offer more of explanation and of constructive application of economic principles than most work of such a nature does, and to go farther into fundamental economic questions than most practical men, especially business men, are likely to go. The standpoint of the writer is that of the economist. This fact largely explains the amount of attention given to differential rate theory. Few engineers appear to appreciate the character and importance of the principle of differentiation in rate-making, though they accord it piecemeal recognition under various other names, especially in discussions of value of service. Economists, while they have given much attention to railroad rates, have interested themselves comparatively little in the related subject of electrical rates. Hence, we should not be surprised to find that the subject has hitherto been handled with too little reference to the composite character and variable nature variable, that is, aside from changes in costs and prices with time of the unit cost of electricity. The subject of load factors naturally occupies a large place in the book, as it does in the discussion of electrical rates generally. In this connection the writers emphasis upon diversity and his conception of its relation to the occasion and amount of demand charges constitute what is characteristic and most important in his viewpoint. Engineers too often ignore diversity as an element in rate theory. But the writers conception of the importance of the density factor which relates to the other most discussed phase of electrical rate-making and of how it should influence the rate schedule is more distinctly or more largely his own. The question as to what the average level of electrical rates should be is not here discussed.
(Typographical errors above are due to OCR software and don't occur in the book.)
A
Présentation de l'éditeur
This book was originally published prior to 1923, and represents a reproduction of an important historical work, maintaining the same format as the original work. While some publishers have opted to apply OCR (optical character recognition) technology to the process, we believe this leads to sub-optimal results (frequent typographical errors, strange characters and confusing formatting) and does not adequately preserve the historical character of the original artifact. We believe this work is culturally important in its original archival form. While we strive to adequately clean and digitally enhance the original work, there are occasionally instances where imperfections such as blurred or missing pages, poor pictures or errant marks may have been introduced due to either the quality of the original work or the scanning process itself. Despite these occasional imperfections, we have brought it back into print as part of our ongoing global book preservation commitment, providing customers with access to the best possible historical reprints. We appreciate your understanding of these occasional imperfections, and sincerely hope you enjoy seeing the book in a format as close as possible to that intended by the original publisher.
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