Economic Evaluation of Short-Term Wind Power Forecasts in ERCOT: Preliminary Results; Preprint
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.
- Research Organization:
- National Renewable Energy Lab. (NREL), Golden, CO (United States)
- Sponsoring Organization:
- USDOE Office of Energy Efficiency and Renewable Energy (EERE), Wind and Water Technologies Office (EE-4W)
- DOE Contract Number:
- AC36-08GO28308
- OSTI ID:
- 1051163
- Report Number(s):
- NREL/CP-5500-56257; TRN: US201218%%1269
- Resource Relation:
- Conference: Presented at the 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, 13-15 November 2012, Lisbon, Portugal
- Country of Publication:
- United States
- Language:
- English
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