Of the various renewable energy resources, wind power is widely recognized as one of the most promising. The management of wind farms and electricity systems can benefit greatly from the availability of estimates of the probability distribution of wind power generation. However, most research...

The efficient management of wind farms and electricity systems benefit greatly from accurate wind power quantile forecasts. For example, when a wind power producer offers power to the market for a future period, the optimal bid is a quantile of the wind power density. An approach based on...