Abstract
Historically, a number of wind energy integration studies have investigated the value of using day-ahead wind power forecasts for grid operational decisions. These studies have shown that there could be large cost savings gained by grid operators implementing the forecasts in their system operations. To date, none of these studies have investigated the value of shorter-term (0 to 6-hour-ahead)wind power forecasts. In 2010, the Department of Energy and National Oceanic and Atmospheric Administration partnered to fund improvements in short-term wind forecasts and to determine the economic value of these improvements to grid operators, hereafter referred to as the Wind Forecasting Improvement Project (WFIP). In this work, we discuss the preliminary results of the economic benefitanalysis portion of the WFIP for the Electric Reliability Council of Texas. The improvements seen in the wind forecasts are examined, then the economic results of a production cost model simulation are analyzed.
| Original language | American English |
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| Number of pages | 7 |
| State | Published - 2012 |
| Event | 11th Annual International Workshop on Large-Scale Integration of Wind Power into Power Systems as well as on Transmission Networks for Offshore Wind Power Plants Conference - Lisbon, Portugal Duration: 13 Nov 2012 → 15 Nov 2012 |
Conference
| Conference | 11th Annual International Workshop on Large-Scale Integration of Wind Power into Power Systems as well as on Transmission Networks for Offshore Wind Power Plants Conference |
|---|---|
| City | Lisbon, Portugal |
| Period | 13/11/12 → 15/11/12 |
NREL Publication Number
- NREL/CP-5500-56257
Keywords
- economic value
- grid operations
- National Renewable Energy Laboratory (NREL)
- NREL
- numerical weather prediction
- wind power forecasting
