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Assessment of the cost associated with wind generation prediction errors in a liberalized electricity market

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IIT-05-078R.pdf (522.8Kb)
Fecha
2005-08-01
Autor
Fabbri, Alberto
Gómez San Román, Tomás
Rivier Abbad, Juan Martín
Méndez Quezada, Víctor Hugo
Estado
info:eu-repo/semantics/publishedVersion
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Resumen
 
 
In this paper, a probabilistic methodology for estimating the energy costs in the market for wind generators associated with wind prediction errors is proposed. Generators must buy or sell energy production deviations due to prediction errors when they bid in day-ahead or hour-ahead energy markets. The prediction error is modeled through a probability density function that represents the accuracy of the prediction model. Production hourly energy deviations and their associated trading costs are then calculated. Three study cases based on real wind power installations in Spain are analyzed. The three study cases show that the error prediction costs can reach as much as 10 of the total generator energy incomes.
 
URI
https:doi.org10.1109TPWRS.2005.852148
Assessment of the cost associated with wind generation prediction errors in a liberalized electricity market
Tipo de Actividad
Artículos en revistas
ISSN
0885-8950
Materias/ categorías / ODS
Instituto de Investigación Tecnológica (IIT)
Palabras Clave

Ancillary services, electricity markets, short-term wind forecast, wind power.
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