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The world is witnessing a rapid growth in wind and other renewable based electricity generation due to environmental concerns associated with electricity generation from the conventional sources. Wind power behaves quite differently than conventional electric power generating units due to its intermittent and diffuse nature. System planners and operators face the variability and uncertainty of wind power availability, and therefore, encounter considerable challenges in making decisions to maintain the adequacy and security of wind integrated power systems. This volume intends to bring out the original research work of researchers from academia and industry in understanding, quantifying and managing the risks associated with the uncertainty in wind variability in order to plan and operate a modern power system integrated with a significant proportion of wind power generation with an acceptable level of reliability. Accurate modeling of wind power variability and proper incorporation of the models in reliability and risk evaluation is very important for the planning and operation of electric power systems, and will play a crucial role in defining the requirement of various types of resources and services, such as storage and ancillary services in power systems.