We use Monte Carlo analysis to examine the potential of increased renewable generation to provide a hedge against variability in energy prices and costs. Fuel costs, electricity demand and wind generation are allowed to vary and a unit commitment and economic dispatch algorithm is employed to...

The North Atlantic Oscillation (NAO) is a large-scale circulation pattern driving climate variability in north-western Europe. As the deployment of wind-powered generation expands on electricity networks across Europe the impacts of the NAO on the electricity system will be amplified. This study...

Various demand side mechanisms are advocated to reduce peak electricity loads, including direct load control, which comprises remotely shifting load to peak periods. Empirical evidence across several electricity markets reveals heterogeneous customer preferences for these and other electricity...