Abstract
The classical models of peak-load pricing analysed in the previous chapter embody strong simplifying assumptions concerning demand and technology. In this chapter we begin our inquiry into the implcations of relaxing one or other of the assumptions of the traditional theory. We continue to maintain the assumption that demand curves are known with certainty. Since a number of generalisations of the traditional theory have been presented during the past decade for this deterministic demand case, a brief historical sketch of these developments may be useful at the start.
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