The economic benefit of short-term forecasting for wind energy in the UK electricity market
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Stephen Morrow, 2003. "Introduction," Palgrave Macmillan Books, in: The People’s Game?, pages 1-3, Palgrave Macmillan.
- Sinden, Graham, 2007. "Characteristics of the UK wind resource: Long-term patterns and relationship to electricity demand," Energy Policy, Elsevier, vol. 35(1), pages 112-127, January.
- Dale, Lewis & Milborrow, David & Slark, Richard & Strbac, Goran, 2004. "Total cost estimates for large-scale wind scenarios in UK," Energy Policy, Elsevier, vol. 32(17), pages 1949-1956, November.
- Laurence S. Moss, 2003. "Editor's Introduction," American Journal of Economics and Sociology, Wiley Blackwell, vol. 62(2), pages 315-318, April.
- Editors, 2003. "Editor's Introduction," American Journal of Economics and Sociology, Wiley Blackwell, vol. 62(4), pages 645-648, October.
- Montes, Germán Martínez & Prados Martín, Enrique & Ordóñez García, Javier, 2007. "The current situation of wind energy in Spain," Renewable and Sustainable Energy Reviews, Elsevier, vol. 11(3), pages 467-481, April.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Marta Bruno Soares & Suraje Dessai, 2016. "Barriers and enablers to the use of seasonal climate forecasts amongst organisations in Europe," Climatic Change, Springer, vol. 137(1), pages 89-103, July.
- Aurore Dupré & Philippe Drobinski & Jordi Badosa & Christian Briard & Peter Tankov, 2020. "The Economic Value of Wind Energy Nowcasting," Energies, MDPI, vol. 13(20), pages 1-20, October.
- Cheng, William Y.Y. & Liu, Yubao & Bourgeois, Alfred J. & Wu, Yonghui & Haupt, Sue Ellen, 2017. "Short-term wind forecast of a data assimilation/weather forecasting system with wind turbine anemometer measurement assimilation," Renewable Energy, Elsevier, vol. 107(C), pages 340-351.
- Hoolohan, Victoria & Tomlin, Alison S. & Cockerill, Timothy, 2018. "Improved near surface wind speed predictions using Gaussian process regression combined with numerical weather predictions and observed meteorological data," Renewable Energy, Elsevier, vol. 126(C), pages 1043-1054.
- Kannan, R., 2009. "Uncertainties in key low carbon power generation technologies - Implication for UK decarbonisation targets," Applied Energy, Elsevier, vol. 86(10), pages 1873-1886, October.
- Erik Heilmann & Janosch Henze & Heike Wetzel, 2021. "Machine learning in energy forecasts with an application to high frequency electricity consumption data," MAGKS Papers on Economics 202135, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
- Mahmoud, Tawfek & Dong, Z.Y. & Ma, Jin, 2018. "An advanced approach for optimal wind power generation prediction intervals by using self-adaptive evolutionary extreme learning machine," Renewable Energy, Elsevier, vol. 126(C), pages 254-269.
- Li, Gong & Shi, Jing, 2012. "Agent-based modeling for trading wind power with uncertainty in the day-ahead wholesale electricity markets of single-sided auctions," Applied Energy, Elsevier, vol. 99(C), pages 13-22.
- Narayan, Paresh Kumar & Popp, Stephan, 2009. "Can the electricity market be characterised by asymmetric behaviour?," Energy Policy, Elsevier, vol. 37(11), pages 4364-4372, November.
- Ruhnau, Oliver & Hennig, Patrick & Madlener, Reinhard, 2015. "Economic Implications of Enhanced Forecast Accuracy: The Case of Photovoltaic Feed-In Forecasts," FCN Working Papers 6/2015, E.ON Energy Research Center, Future Energy Consumer Needs and Behavior (FCN).
- Charakopoulos, Avraam & Karakasidis, Theodoros & Sarris, loannis, 2019. "Pattern identification for wind power forecasting via complex network and recurrence plot time series analysis," Energy Policy, Elsevier, vol. 133(C).
- Ruhnau, Oliver & Hennig, Patrick & Madlener, Reinhard, 2020. "Economic implications of forecasting electricity generation from variable renewable energy sources," Renewable Energy, Elsevier, vol. 161(C), pages 1318-1327.
- Derek W. Bunn & Angelica Gianfreda & Stefan Kermer, 2018. "A Trading-Based Evaluation of Density Forecasts in a Real-Time Electricity Market," Energies, MDPI, vol. 11(10), pages 1-13, October.
- Ahmed, Adil & Khalid, Muhammad, 2019. "A review on the selected applications of forecasting models in renewable power systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 100(C), pages 9-21.
- Notton, Gilles & Nivet, Marie-Laure & Voyant, Cyril & Paoli, Christophe & Darras, Christophe & Motte, Fabrice & Fouilloy, Alexis, 2018. "Intermittent and stochastic character of renewable energy sources: Consequences, cost of intermittence and benefit of forecasting," Renewable and Sustainable Energy Reviews, Elsevier, vol. 87(C), pages 96-105.
- Jiang, Yu & Song, Zhe & Kusiak, Andrew, 2013. "Very short-term wind speed forecasting with Bayesian structural break model," Renewable Energy, Elsevier, vol. 50(C), pages 637-647.
- David Schönheit & Dominik Möst, 2019. "The Effect of Offshore Wind Capacity Expansion on Uncertainties in Germany’s Day-Ahead Wind Energy Forecasts," Energies, MDPI, vol. 12(13), pages 1-23, July.
- Pryor, S.C. & Barthelmie, R.J., 2010. "Climate change impacts on wind energy: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(1), pages 430-437, January.
- Barthelmie, R.J. & Pryor, S.C., 2013. "An overview of data for wake model evaluation in the Virtual Wakes Laboratory," Applied Energy, Elsevier, vol. 104(C), pages 834-844.
- Sun, Shaolong & Qiao, Han & Wei, Yunjie & Wang, Shouyang, 2017. "A new dynamic integrated approach for wind speed forecasting," Applied Energy, Elsevier, vol. 197(C), pages 151-162.
- Rahimiyan, Morteza & Morales, Juan M. & Conejo, Antonio J., 2011. "Evaluating alternative offering strategies for wind producers in a pool," Applied Energy, Elsevier, vol. 88(12), pages 4918-4926.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Swetnam, R.D. & Harrison-Curran, S.K. & Smith, G.R., 2017. "Quantifying visual landscape quality in rural Wales: A GIS-enabled method for extensive monitoring of a valued cultural ecosystem service," Ecosystem Services, Elsevier, vol. 26(PB), pages 451-464.
- Teman, Elly, 2008. "The social construction of surrogacy research: An anthropological critique of the psychosocial scholarship on surrogate motherhood," Social Science & Medicine, Elsevier, vol. 67(7), pages 1104-1112, October.
- Espinosa, Cristina, 2013. "The riddle of leaving the oil in the soil—Ecuador's Yasuní-ITT project from a discourse perspective," Forest Policy and Economics, Elsevier, vol. 36(C), pages 27-36.
- Tridico, Pasquale, 2013. "The stage of development among former communist economies: Social capital, the middle class and democracy," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 44(C), pages 47-58.
- Fernández-García, Purificación & López-Bellido, Luis & Muñoz-Romero, Verónica & López-Bellido, Rafael J., 2013. "Chickpea water use efficiency as affected by tillage in rainfed Mediterranean conditions," Agricultural Water Management, Elsevier, vol. 129(C), pages 194-199.
- Williams, Christopher & van Triest, Sander, 2009. "The impact of corporate and national cultures on decentralization in multinational corporations," International Business Review, Elsevier, vol. 18(2), pages 156-167, April.
- Boccard, Nicolas, 2010. "Economic properties of wind power: A European assessment," Energy Policy, Elsevier, vol. 38(7), pages 3232-3244, July.
- Le Nguyen, Huu & Larimo, Jorma & Ali, Tahir, 2016. "How do ownership control position and national culture influence conflict resolution strategies in international joint ventures?," International Business Review, Elsevier, vol. 25(2), pages 559-568.
- Nicholas Kyriazis & Emmanouil Economou, 2015. "Macroculture, sports and democracy in classical Greece," European Journal of Law and Economics, Springer, vol. 40(3), pages 431-455, December.
- Jung-Sook Kim & Yeo-Jung Hwang, 2014. "The Effects of School Choice on Parental School Participation and School Satisfaction in Korea," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 115(1), pages 363-385, January.
- Ciprian Cucu, 2014. "Blended learning using Moodle at the „1 Decembrie University” in Romania," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 14(1), pages 41-48.
- Dalton, Christina Marsh & Warren, Patrick L., 2016.
"Cost versus control: Understanding ownership through outsourcing in hospitals,"
Journal of Health Economics, Elsevier, vol. 48(C), pages 1-15.
- Dalton, Christina Marsh & Warren, Patrick L., 2014. "Outsourcing Intensity and Ownership: Theory and Evidence from California General Care Hospitals," MPRA Paper 61949, University Library of Munich, Germany.
- West, Martin R. & Woessmann, Ludger, 2006.
"Which school systems sort weaker students into smaller classes? International evidence,"
European Journal of Political Economy, Elsevier, vol. 22(4), pages 944-968, December.
- West, Martin R. & Woessmann, Ludger, 2003. "Which School Systems Sort Weaker Students into Smaller Classes? International Evidence," IZA Discussion Papers 744, Institute of Labor Economics (IZA).
- Martin R. West & Ludger Woessmann, 2003. "Which School Systems Sort Weaker Students into Smaller Classes? International Evidence," CESifo Working Paper Series 1054, CESifo.
- West, Martin R. & Wößmann, Ludger, 2006. "Which school systems sort weaker students into smaller classes? International evidence," Munich Reprints in Economics 19694, University of Munich, Department of Economics.
- West, Martin R. & Wößmann, Ludger, 2003. "Which School Systems Sort Weaker Students into Smaller Classes? International Evidence," Kiel Working Papers 1145, Kiel Institute for the World Economy (IfW Kiel).
- Immaculée Mukashema & Etienne Mullet, 2013. "Unconditional Forgiveness, Reconciliation Sentiment, and Mental Health Among Victims of Genocide in Rwanda," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 113(1), pages 121-132, August.
- Lapo Filistrucchi & Jens Prüfer, 2019.
"Faithful Strategies: How Religion Shapes Nonprofit Management,"
Management Science, INFORMS, vol. 65(1), pages 188-208, January.
- Filistrucchi, L. & Prüfer, J., 2013. "Faithful Strategies : How Religion Shapes Nonprofit Management," Other publications TiSEM 3d10d93c-8f8c-4429-9b06-2, Tilburg University, School of Economics and Management.
- Filistrucchi, L. & Prüfer, J., 2013. "Faithful Strategies : How Religion Shapes Nonprofit Management," Discussion Paper 2013-052, Tilburg University, Center for Economic Research.
- Lapo Filistrucchi & Jens Prufer, 2014. "Faithful Strategies: How Religion Shapes Nonprofit Management," Working Papers - Economics wp2014_01.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.
- Annim, Samuel Kobina & Mariwah, Simon & Sebu, Joshua, 2012.
"Spatial inequality and household poverty in Ghana,"
Economic Systems, Elsevier, vol. 36(4), pages 487-505.
- S. Annim & S. Mariwah & J. Sebu, 2012. "Spatial inequality and household poverty in Ghana," Global Development Institute Working Paper Series 16112, GDI, The University of Manchester.
- Hezri, Adnan A. & Dovers, Stephen R., 2006. "Sustainability indicators, policy and governance: Issues for ecological economics," Ecological Economics, Elsevier, vol. 60(1), pages 86-99, November.
- Beaudoin, Christopher E., 2009. "Bonding and bridging neighborliness: An individual-level study in the context of health," Social Science & Medicine, Elsevier, vol. 68(12), pages 2129-2136, June.
- McInerney, Celine & Bunn, Derek W., 2017. "Optimal over installation of wind generation facilities," Energy Economics, Elsevier, vol. 61(C), pages 87-96.
- G. Lumpkin & Todd Moss & David Gras & Shoko Kato & Alejandro Amezcua, 2013. "Entrepreneurial processes in social contexts: how are they different, if at all?," Small Business Economics, Springer, vol. 40(3), pages 761-783, April.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:enepol:v:36:y:2008:i:5:p:1687-1696. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/enpol .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.