Abstract-Due to the fluctuating nature of the wind resource, a wind power producer participating in a liberalized electricity market is subject to penalties related to regulation costs. Accurate forecasts of wind generation are therefore paramount for reducing such penalties and thus maximizing revenue. Despite the fact that increasing accuracy in spot forecasts may reduce penalties, this paper shows that, if such forecasts are accompanied with information on their uncertainty, i.e., in the form of predictive distributions, then this can be the basis for defining advanced strategies for market participation. Such strategies permit to further increase revenues and thus enhance competitiveness of wind generation compared to other forms of dispatchable generation. This paper formulates a general methodology for deriving optimal bidding strategies based on probabilistic forecasts of wind generation, as well as on modeling of the sensitivity a wind power producer may have to regulation costs. The benefits resulting from the application of these strategies are clearly demonstrated on the test case of the participation of a multi-MW wind farm in the Dutch electricity market over a year.

Predictions of wind power production for horizons up to 48–72 h ahead comprise a highly valuable input to the methods for the daily management or trading of wind generation. Today, users of wind power predictions are not only provided with point predictions, which are estimates of the conditional expectation of the wind generation for each look‐ahead time, but also with uncertainty estimates given by probabilistic forecasts. In order to avoid assumptions on the shape of predictive distributions, these probabilistic predictions are produced from non‐parametric methods, and then take the form of a single or a set of quantile forecasts. The required and desirable properties of such probabilistic forecasts are defined and a framework for their evaluation is proposed. This framework is applied for evaluating the quality of two statistical methods producing full predictive distributions from point predictions of wind power. These distributions are defined by a number of quantile forecasts with nominal proportions spanning the unit interval. The relevance and interest of the introduced evaluation framework are discussed. Copyright © 2007 John Wiley & Sons, Ltd.

Short-term wind power prediction is a primary requirement for efficient large-scale integration of wind generation in power systems and electricity markets. The choice of an appropriate prediction model among the numerous available models is not trivial, and has to be based on an objective evaluation of model performance.This paper proposes a standardized protocol for the evaluation of short-term windpower prediction systems. A number of reference prediction models are also described, and their use for performance comparison is analysed. The use of the protocol is demonstrated, using results from both on-shore and offshore wind farms. The work was developed in the frame of the Anemos project (EU R&D project) where the protocol has been used to evaluate more than 10 prediction systems. NOMENCLATURE P inst , W ind farm installed capacity (in kW or MW) k = 1, 2, . . . , k max , Prediction time-step (also called lead time or look-ahead time) k max , M aximum prediction horizon N,Number of data used for the model evaluation P(t), Measured power at time t (in kW or MW), which usually corresponds to the average power over the previous time period P (t + k|t), Power forecast for time t + k made at time origin t (in kW or MW) e(t + k|t), Error corresponding to time t + k for the prediction made at time origin t (in kW or MW) ε(t + k|t),

A generic method for the providing of prediction intervals of wind power generation is described. Prediction intervals complement the more common wind power point forecasts, by giving a range of potential outcomes for a given probability, their so-called nominal coverage rate. Ideally they inform of the situation-specific uncertainty of point forecasts. In order to avoid a restrictive assumption on the shape of forecast error distributions, focus is given to an empirical and nonparametric approach named adapted resampling. This approach employs a fuzzy inference model that permits to integrate expertise on the characteristics of prediction errors for providing conditional interval forecasts. By simultaneously generating prediction intervals with various nominal coverage rates, one obtains full predictive distributions of wind generation. Adapted resampling is applied here to the case of an onshore Danish wind farm, for which three point forecasting methods are considered as input. The probabilistic forecasts generated are evaluated based on their reliability and sharpness, while compared to forecasts based on quantile regression and the climatology benchmark. The operational application of adapted resampling to the case of a large number of wind farms in Europe and Australia among others is finally discussed.

This paper studies the application of Kalman filtering as a post-processing method in numerical predictions of wind speed. Two limited-area atmospheric models have been employed, with different options/capabilities of horizontal resolution, to provide wind speed forecasts. The application of Kalman filter to these data leads to the elimination of any possible systematic errors, even in the lower resolution cases, contributing further to the significant reduction of the required CPU time. The potential of this method in wind power applications is also exploited. In particular, in the case of wind power prediction, the results obtained showed a remarkable improvement in the model forecasting skill.