Towards improved understanding of the applicability of uncertainty forecasts in the electric power industry

Ricardo J. Bessa, Corrina Möhrlen, Vanessa Fundel, Malte Siefert, Jethro Browell, Sebastian Haglund El Gaidi, Bri-Mathias Hodge, Umit Cali, George Kariniotakis

Research output: Contribution to journalArticle

17 Citations (Scopus)

Abstract

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. The reliability of system operations and smooth integration of wind energy into electricity markets has been strongly supported by years of improvement in weather and wind power forecasting systems. Deterministic forecasts are still predominant in utility practice although truly optimal decisions and risk hedging are only possible with the adoption of uncertainty forecasts. One of the main barriers for the industrial adoption of uncertainty forecasts is the lack of understanding of the information content and standardization of products, which frequently leads to mistrust towards uncertainty forecasts. This paper aims at improving this understanding by establishing a common terminology and reviewing the methods to determine, estimate, and communicate the uncertainty in weather and wind power forecasts. This conceptual analysis of the state of the art highlights that: i) end-users should start to look at the forecast's properties in order to map different uncertainty representations to specific wind energy-related user requirements; ii) a multidisciplinary team is required to foster the integration of stochastic methods in the industry sector. A set of recommendations for standardization and improved training of operators are provided along with examples of best practices.
LanguageEnglish
Number of pages48
JournalEnergies
Volume10
Issue number9
DOIs
Publication statusPublished - 14 Sep 2017

Fingerprint

Wind power
Forecast
Industry
Uncertainty
Wind Energy
Electricity Market
Wind Power
Standardization
Weather
Terminology
Best Practice
Hedging
Stochastic Methods
Information Content
Forecasting
Recommendations
Sector
Grid
Requirements
Operator

Keywords

  • wind energy
  • uncertainty
  • decision-making
  • quantiles
  • ensembles
  • forecast
  • statistics
  • weather

Cite this

Bessa, R. J., Möhrlen, C., Fundel, V., Siefert, M., Browell, J., El Gaidi, S. H., ... Kariniotakis, G. (2017). Towards improved understanding of the applicability of uncertainty forecasts in the electric power industry. Energies, 10(9). https://doi.org/10.3390/en10091402
Bessa, Ricardo J. ; Möhrlen, Corrina ; Fundel, Vanessa ; Siefert, Malte ; Browell, Jethro ; El Gaidi, Sebastian Haglund ; Hodge, Bri-Mathias ; Cali, Umit ; Kariniotakis, George. / Towards improved understanding of the applicability of uncertainty forecasts in the electric power industry. In: Energies. 2017 ; Vol. 10, No. 9.
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Bessa, RJ, Möhrlen, C, Fundel, V, Siefert, M, Browell, J, El Gaidi, SH, Hodge, B-M, Cali, U & Kariniotakis, G 2017, 'Towards improved understanding of the applicability of uncertainty forecasts in the electric power industry' Energies, vol. 10, no. 9. https://doi.org/10.3390/en10091402

Towards improved understanding of the applicability of uncertainty forecasts in the electric power industry. / Bessa, Ricardo J.; Möhrlen, Corrina; Fundel, Vanessa; Siefert, Malte; Browell, Jethro; El Gaidi, Sebastian Haglund ; Hodge, Bri-Mathias; Cali, Umit; Kariniotakis, George.

In: Energies, Vol. 10, No. 9, 14.09.2017.

Research output: Contribution to journalArticle

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