Title :
The economic value of forecasts for optimal curtailment strategies to comply with ramp rate rules
Author :
Cormode, D. ; Lorenzo, Antonio ; Holmgren, Will ; Chen, S. ; Cronin, Alex
Author_Institution :
Univ. OF ARIZONA, Tucson, AZ, USA
Abstract :
We present a method to calculate the economic value of forecasts, based on the use of forecasts to optimize curtailment strategies in scenarios with a ramp rate rule. We consider how and when to limit PV power output in order to comply with a ramp rate rule to avoid penalties, but also calculate how curtailment will reduce revenue from energy yields. This framework provides a way to assess the value of forecasts.
Keywords :
load forecasting; photovoltaic power systems; power generation economics; PV power output; economic value calculation; forecasting; optimal curtailment strategy; ramp rate rule; Clouds; Forecasting; Indexes; Measurement; Power generation; Production; Sensors; Curtailment; Forecasting; Intermittency;
Conference_Titel :
Photovoltaic Specialist Conference (PVSC), 2014 IEEE 40th
Conference_Location :
Denver, CO
DOI :
10.1109/PVSC.2014.6925334
