Estimating the economic value of wind forecasting to utilities.

Utilities are sometimes reluctant to assign capacity value to wind plants because they are an intermittent resource. One of the potential difficulties is that the output of a wind plant may not be known in advance, thereby making it difficult for the utility to consider wind output as firm. In this...

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Bibliographic Details
Corporate Author: United States. Department of Energy. Office of Scientific and Technical Information
Language:English
Published: Oak Ridge, Tenn. : Distributed by the Office of Scientific and Technical Information, U.S. Department of Energy, 1995.
Subjects:
Online Access:
Physical Description:12 pages
Format: Electronic eBook

MARC

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245 0 0 |a Estimating the economic value of wind forecasting to utilities. 
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500 |a 25. annual conference and exhibition on wind power, Washington, DC (United States), 26-30 Mar 1995. 
500 |a Chapman, F.; Miller, A.H.; Milligan, M.R. 
500 |a National Renewable Energy Lab., Golden, CO (United States) 
500 |a United States. Dept. of Energy. Washington, DC (United States) 
520 3 |a Utilities are sometimes reluctant to assign capacity value to wind plants because they are an intermittent resource. One of the potential difficulties is that the output of a wind plant may not be known in advance, thereby making it difficult for the utility to consider wind output as firm. In this paper, we examine the economics of an accurate wind forecast, and provide a range of estimates calculated by a production cost model and real utility data. We discuss how an accurate forecast will affect resource scheduling and the mechanism by which resource scheduling can benefit from an accurate wind forecast. 
538 |a Available via the World Wide Web. 
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650 4 |a Wind Power Plants. 
650 4 |a Capacity. 
650 4 |a Economics. 
650 4 |a Power Generation. 
650 4 |a Forecasting. 
650 4 |a Electric Utilities. 
650 0 |a Wind power.  |0 http://id.loc.gov/authorities/subjects/sh85146874 
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