This paper proposes value‐at risk (VaR) estimation methods that are a synthesis of conditional autoregressive value at risk (CAViaR) time series models and implied volatility. The appeal of this proposal is that it merges information from the historical time series and the different...

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...

Wind power continues to be the fastest growing source of renewable energy. This paper is concerned with the timing of offshore turbine maintenance for a turbine that is no longer functioning. Service vehicle access is limited by the weather, with wave height being the important factor in...

Wave energy has great potential as a renewable source of electricity. Installed capacity is increasing, and developments in technology mean that wave energy is likely to play an important role in the future mix of electricity generation. Short-term forecasts of wave energy are required for the...