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

3 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
CountryUnited States
CityDenver
Period6/8/146/13/14

Keywords

  • Curtailment
  • Forecasting
  • Intermittency

ASJC Scopus subject areas

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

Fingerprint Dive into the research topics of 'The economic value of forecasts for optimal curtailment strategies to comply with ramp rate rules'. Together they form a unique fingerprint.

  • Cite this

    Cormode, D., Lorenzo, A., Holmgren, W., Chen, S., & Cronin, A. (2014). The economic value of forecasts for optimal curtailment strategies to comply with ramp rate rules. In 2014 IEEE 40th Photovoltaic Specialist Conference, PVSC 2014 (pp. 2070-2075). [6925334] (2014 IEEE 40th Photovoltaic Specialist Conference, PVSC 2014). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/PVSC.2014.6925334