The economic value of forecasts for optimal curtailment strategies to comply with ramp rate rules

Daniel Cormode, Antonio Lorenzo, Will Holmgren, Sophia Chen, Alex Cronin

Research output: Chapter in Book/Report/Conference proceedingConference contribution

8 Scopus citations

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.

Original languageEnglish (US)
Title of host publication2014 IEEE 40th Photovoltaic Specialist Conference, PVSC 2014
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages2070-2075
Number of pages6
ISBN (Electronic)9781479943982
DOIs
StatePublished - Oct 15 2014
Event40th IEEE Photovoltaic Specialist Conference, PVSC 2014 - Denver, United States
Duration: Jun 8 2014Jun 13 2014

Publication series

Name2014 IEEE 40th Photovoltaic Specialist Conference, PVSC 2014

Other

Other40th IEEE Photovoltaic Specialist Conference, PVSC 2014
Country/TerritoryUnited States
CityDenver
Period6/8/146/13/14

Keywords

  • Curtailment
  • Forecasting
  • Intermittency

ASJC Scopus subject areas

  • Electrical and Electronic Engineering
  • Electronic, Optical and Magnetic Materials

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