Large scale storage offers the prospect of capturing and using excess electricity within a low carbon energy system, which otherwise might have to be wasted. Incorporating the role of storage into current scenario tools is challenging, because it requires high temporal resolution to reflect the...

This paper analyses the problem of the urban poor in India from a primarily macro-economic perspective, tracing the origins of their economic status to their low share in the factor earnings generated in individual industries. A macro-economic model then simulates the implications for them of a...

This paper investigates the importance of implementing adequate locational signals and their possible effects on the development of renewable energy sources. In particular, the paper investigates a potential conflict in the British electricity system between the introduction of more efficient...

Concerns about rising energy prices tend to occur in times of economic expansion, to disappear in times of recession. A recurring fear is that, in the long run, real energy prices will trend upwards. This paper presents evidence from five hundred years of prices of energy sources for the United...