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Persistent link: https://www.econbiz.de/10011536701
Wind energy is currently one of the types of renewable energy with a large generation capacity. However, since the operation of wind power generation is challenging due to its intermittent characteristics, forecasting wind power generation efficiently is essential for economic operation. This...
Persistent link: https://www.econbiz.de/10010807443
In this paper, wind power generators are being incorporated in the multiobjective economic emission dispatch problem which minimizes wind-thermal electrical energy cost and emissions produced by fossil-fueled power plants, simultaneously. Large integration of wind energy sources necessitates an...
Persistent link: https://www.econbiz.de/10010809039
In this paper, we investigate the representation of wind power forecasting (WPF) uncertainty in the unit commitment (UC) problem. While deterministic approaches use a point forecast of wind power output, WPF uncertainty in the stochastic UC alternative is captured by a number of scenarios that...
Persistent link: https://www.econbiz.de/10010576368
Wind power represents a significant percentage of the European generation mix and this will increase to fulfill the renewable energy targets. Different balancing rules are applied to wind power among the countries; for instance, to what extent wind power producers (WPPs) are responsible for the...
Persistent link: https://www.econbiz.de/10011047352
German wind power development is a technological success story but has involved very high subsidies. Germany was a latecomer in wind power but specific political conditions in the late 1980s and early 1990s allowed the implementation of the feed in tariff regime which has characterised Germany...
Persistent link: https://www.econbiz.de/10010295429
Given the rapid expansion of wind power capacities in Germany, this paper estimates the effects of wind turbines on house prices using real estate price data from Germany's leading online broker. Employing a hedonic price model whose specification is informed by machine learning techniques, our...
Persistent link: https://www.econbiz.de/10012099145
Electricity markets are increasingly influenced by variable renewable energy such as wind and solar power with a pronounced weather-induced variability and imperfect predictability. As a result, the evaluation of the capacity value of variable renewable energy, i.e. its contribution to security...
Persistent link: https://www.econbiz.de/10012099489
High-quality short-term forecasts of wind speed are vital to making wind power amore reliable energy source. Gneiting et al. (2006) have introduced a model for the averagewind speed two hours ahead based on both spatial and temporal information. Theforecasts produced by this model are accurate,...
Persistent link: https://www.econbiz.de/10009464842
As wind power penetration grows, the amount of reserve needed on the system also grows, due to the increases in the uncertainty of wind power, which grows larger as forecast horizon increases. By scheduling the system more often the amount of extra reserve to be carried to cater for wind...
Persistent link: https://www.econbiz.de/10009475650