Risk aversionIn economics and finance, risk aversion is the tendency of people to prefer outcomes with low uncertainty to those outcomes with high uncertainty, even if the average outcome of the latter is equal to or higher in monetary value than the more certain outcome. Risk aversion explains the inclination to agree to a situation with a more predictable, but possibly lower payoff, rather than another situation with a highly unpredictable, but possibly higher payoff.
District heatingDistrict heating (also known as heat networks or teleheating) is a system for distributing heat generated in a centralized location through a system of insulated pipes for residential and commercial heating requirements such as space heating and water heating. The heat is often obtained from a cogeneration plant burning fossil fuels or biomass, but heat-only boiler stations, geothermal heating, heat pumps and central solar heating are also used, as well as heat waste from factories and nuclear power electricity generation.
Daylight saving timeDaylight saving time (DST), also referred to as daylight savings time, daylight time (United States, Canada, and Australia), or summer time (United Kingdom, European Union, and others), is the practice of advancing clocks (typically by one hour) during warmer months so that darkness falls at a later clock time. The typical implementation of DST is to set clocks forward by one hour in either the late winter or spring ("spring forward"), and to set clocks back by one hour in the fall ("fall back") to return to standard time.
British Summer TimeDuring British Summer Time (BST), civil time in the United Kingdom is advanced one hour forward of Greenwich Mean Time (GMT), in effect changing the time zone from UTC±00:00 to UTC+01:00, so that mornings have one hour less daylight, and evenings one hour more. BST begins at 01:00 GMT every year on the last Sunday of March and ends at 01:00 GMT (02:00 BST) on the last Sunday of October.
