A number of recent techno-economic studies have shown that energy storage could offer significant benefits to a low-carbon UK energy system as it faces increased challenges in matching supply and demand. However, the majority of this work has not investigated the real-world issues affecting the...

Improved energy efficiency is a key policy goal of all International Energy Agency (IEA) member countries, but tracking energy efficiency gains is not straightforward. As part of its contribution to the G8 Gleneagles Plan of Action, the IEA has been developing in-depth indicators--tools that...

Recently there has been considerable interest in Markovian stochastic fluid flow models. A number of authors have used different methods to calculate quantities of interest. In this paper, we consider a fluid flow model, formulated so that time is preserved, and derive expressions for return...