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the next day wind speed is forecasted using different weather parameters. the forecasted wind speed is converted into electricity supply forecasts using wind turbine power curves. all forecasts have errors. hence most of the wind energy generators supply their electricity directly into the real time markets.
this causes them to leave a lot of upside on the table.
this is cause electricity cannot be stored. all that is produced is either consumed or grounded.shortfall in production causes threatens grid stability. hence all shortfall in production is penalized.
now using advanced optimization analytics, wind energy generators can also bid in the Day ahead markets
please check out our website : www.kwenergyonline.net for more information.