Siddiqui, Afzal; Maribu, Karl - 2009
price volatility. In particular, with the availability of the HX, the microgrid faces a tradeoff between reducing its … exposure to the natural gas price and maximising its cost savings. By varying the volatility parameter, we find that the … microgrid prefers a direct investment strategy for low levels of volatility and a sequential one for higher levels of volatility. …