Economics and Industrial Electrification

This paper attempts to define exactly at what we should aim in a policy of power supply, and discusses how we may decide which among the many alternatives will best achieve this aim. In this connection it is found necessary to discuss:¿ (1) The degree of dependence of our foreign trade upon cheap power. (2) The implications of the ordinary methods of comparing the economy of various schemes. Lines of investigation are suggested by which the best policy may be selected, and the methods of charging for power which it would be desirable to adopt are discussed.