It is expected that the renewable share of energy generation will rise considerably in the near future. The intermittent and uncertain nature of renewable energy (RE) calls for storage and grid management technologies that can allow for increased power system flexibility. To assist policy makers...

We propose one of the first dynamic models of the optimal transition from fossil fuels to renewables in electricity generation that takes into account the variability and intermittency of renewable energy as well as storage. This work sheds light on the extent to which variability and...

To help design policies encouraging renewable energy generation and flexible power systems at the household level, better knowledge about the welfare gains from such technologies is necessary. In this paper, we appraise these gains by considering the optimal behavior of a UK household. Contrary...