Forecasting ramps of wind power production with numerical weather prediction ensembles. Wind Energy 16 51— Based on his demonstration that wind power forecasts have a significant impact on day-ahead prices, the sign of regulation, and eventually the magnitude of regulation penalties, he has developed a suite of methods and tools permitting to forecast the market dynamics accounting for the additional effect of the forecasted wind power generation. However, the decrease in storage prices makes it possible to envisage the installation of storage capacities at a wind farm in a near future, either for dampening short-term power fluctuations, or for increasing the value of wind power on a market. EDVs were modeled as a set of standard vehicles. Then, an optimal strategy is developed with the goal of maximizing the individual prots over a longer horizon. In parallel, one traditionally thinks that electricity storage cannot be used at the large-scale.

In the former one, the supply bid is assumed to be in the form of a quantity representing the amount of energy that each generator is going to dispatch to the market. The stochastic optimization problem to be solved for optimal operation of the combined wind-storage power systems will then have to be formulated, and appropriate methods applied for solving this problem. The simulations performed show that a generator can increase its prots by employing the multi-step strategy; both in the Cournot and the LSF frameworks. In parallel, one traditionally thinks that electricity storage cannot be used at the large-scale. Again, the convenience of switching to the multi step strategy is shown in both the competition models for the generators, while a benefit for the society is veried, again, only in the Cournot framework.

The Electricity Journal 23 71— Renewable energy sources, especially wind energy, are to play a larger role in providing electricity to industrial and domestic consumers. Let me describe here briefly their field of research and expertise: It turns out that the effects of forecasted wind power production on the spot price is substantial and even more effects can be found with small modifications.

A set of scenarios were investigated. Then, optimal strategies are developed with the aim of maximizing the expectation of the profits over more thesiw.

## Pierre Pinson

In the LSF competition model, instead, the social welfare decreases when players bid more strategically. The simulations performed show that a generator can increase its prots by employing the multi-step strategy; both in the Cournot and the LSF frameworks.

Space—time modeling with applications to regional forecasting. Claire is looking phx how we may better understand, model and forecast events with low and high wind power variability at large offshore wind farms, by combining meteorological and statistical perspectives. Tryggvi concentrates on the market aspects of wind power integration, developing the necessary insight for optimal trading of wind energy in liberalized electricity markets.

The model only addressed the day-ahead spot market. In parallel, one traditionally thinks that electricity storage cannot be used at the large-scale. International Journal of Forecasting.

Upcoming challenges related to generating improved and new types of forecasts, as well as their verification and value to forecast users, are finally discussed. The forecasting model constructed consists of three mains parts. The aim of this project is to develop stochastic optimization methods for the optimal operation of a combined pbd system, and to evaluate the resulting benefits, both in terms of reduced variability of the wind farm output and in terms of increased unit value of wind generation.

Entropy and correntropy against minimum square error in offline and online three-day ahead wind power forecasting.

# Pierre Pinson – DTU

The problem faced is twofold. In parallel, he is looking of strategic bidding and decision-making under uncertainty.

EDVs were modeled as a set of standard vehicles. Download Email Please enter a valid email address. Each standard vehicle represented a number of real world vehicles with identical driving patterns.

## Former students

After describing representative pineon decision-making problems for both market participants and system operators, it is underlined that forecasts should be issued in a probabilistic framework. Given the result of this thesis, it is very likely that the same methodology will give good results when forecasting the prices on other electricity pools.

Drive patterns were obtained from statistical survey data in a novel approach using a slightly modified version of the k-means clustering algorithm. For players in deregulated energy markets such as Nord Pool thesiss EEX, price forecasts are paramount when it comes to designing bidding strategies and are an important aid in production planning.

# Pinson : Wind Energy: Forecasting Challenges for Its Operational Management

The first part accounts for the effects of external factors on the prices while the second one is a dynamic model of the spot prices that accounts for the effects found be the first model. The possibility to thwsis consumption between days is limited due to the fleet operators contractual obligations to the users.

Wind Energy 16 51— The closed loop dynamic systems are modified in order to account for wind power generation, which brings uncertainty into the system. In the Cournot framework, the society benets when the generators become more strategic.

After correcting for long term effects fuel prices etc. This problem is uterly difficult, since near-coastal offshore wind dynamics are thesks result of the combination of complex meteorological processes which are not all understood today.

This allowed for a realistic treatment of battery charge levels. There exist a number of technological, environmental and political challenges linked to supplementing existing electricity generation capacities with wind energy.