Towards improved understanding of the applicability of uncertainty forecasts in the electric power industry
Around the world wind energy is starting to become a major energy provider in electricity
markets, as well as participating in ancillary services markets to help maintain grid stability …
markets, as well as participating in ancillary services markets to help maintain grid stability …
Electric power industry: Operational and public policy challenges and opportunities
The electric power industry is undergoing dramatic change driven by rapid technological
transformation, concern over climate change, and evolving market structures. As a result …
transformation, concern over climate change, and evolving market structures. As a result …
Optimal allocation of energy storage system for risk mitigation of DISCOs with high renewable penetrations
Along with the increasing penetration of renewable energy, distribution system power flow
may be significantly altered in terms of direction and magnitude. This will make delivering …
may be significantly altered in terms of direction and magnitude. This will make delivering …
Bringing wind energy to market
EY Bitar, R Rajagopal, PP Khargonekar… - … on Power Systems, 2012 - ieeexplore.ieee.org
Wind energy is a rapidly growing source of renewable energy generation. However, the
current extra-market approach to its assimilation into the electric grid will not scale at deep …
current extra-market approach to its assimilation into the electric grid will not scale at deep …
Coordinated bidding strategy of wind farms and power-to-gas facilities using a cooperative game approach
Power-to-gas (P2G) technology is an effective way to provide additional flexibility to
electricity systems with high penetration of renewable energy. Effective P2G bidding …
electricity systems with high penetration of renewable energy. Effective P2G bidding …
Wind power trading under uncertainty in LMP markets
This paper presents a new model for optimal trading of wind power in day-ahead (DA)
electricity markets under uncertainty in wind power and prices. The model considers …
electricity markets under uncertainty in wind power and prices. The model considers …
Pool strategy of a price-maker wind power producer
We consider the problem of a wind power producer trading energy in short-term electricity
markets. The producer is a price-taker in the day-ahead market, but a price-maker in the …
markets. The producer is a price-taker in the day-ahead market, but a price-maker in the …
Probabilistic solar power forecasting using bayesian model averaging
K Doubleday, S Jascourt, W Kleiber… - IEEE Transactions on …, 2020 - ieeexplore.ieee.org
There is rising interest in probabilistic forecasting to mitigate risks from solar power
uncertainty, but the numerical weather prediction (NWP) ensembles readily available to …
uncertainty, but the numerical weather prediction (NWP) ensembles readily available to …
Prescriptive trees for integrated forecasting and optimization applied in trading of renewable energy
Deriving decisions from data typically involves a sequential process with two components,
forecasting and optimization. Forecasting models learn by minimizing a loss function that …
forecasting and optimization. Forecasting models learn by minimizing a loss function that …
Integrated bidding and operating strategies for wind-storage systems
Due to their flexible charging and discharging capabilities, energy storage systems (ESS)
are considered a promising complement to wind farms (WFs) participating in electricity …
are considered a promising complement to wind farms (WFs) participating in electricity …