How Can Probabilistic Solar Power Forecasts Be Used to Lower Costs and Improve Reliability in Power Spot Markets? A Review and Application to Flexiramp Requirements

How Can Probabilistic Solar Power Forecasts Be Used to Lower Costs and Improve Reliability in Power Spot Markets? A Review and Application to Flexiramp Requirements

Net load uncertainty in electricity spot markets is rapidly growing. There are five general approaches by which system operators and market participants can use probabilistic forecasts of wind, solar, and load to help manage this uncertainty. These include operator situation awareness, resource risk...

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Bibliographic Details
Main Authors: Benjamin F. Hobbs, Venkat Krishnan, Jie Zhang, Hendrik F. Hamann, Carlo Siebenschuh, Rui Zhang, Binghui Li, Li He, Paul Edwards, Haiku Sky, Ibrahim Krad, Evangelia Spyrou, Xin Fang, Yijiao Wang, Q. Xu, Shu Zhang
Format: Article
Language:English
Published: IEEE 2022-01-01
Series:IEEE Open Access Journal of Power and Energy
Subjects:
Power markets
probabilistic solar forecasts
renewable energy
operating reserves
California
flexiramp
Online Access:https://ieeexplore.ieee.org/document/9931726/

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