Economic and environmental implications of different approaches to hedge against wind production uncertainty in two-settlement electricity markets: A PJM case study
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DOI: 10.1016/j.eneco.2019.01.015
Abstract: This paper examines the economic and environmental outcomes of four two-settlement electricity market clearing designs. The first design corresponds to a Deterministic Market Clearing (DMC) similar to the mechanism currently used in organized wholesale electricity… read more here.
Keywords: market clearing; production uncertainty; electricity; market ... See more keywords
Wind energy production uncertainty associated with wind assessments of various intervals
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DOI: 10.1177/0309524x19849865
Abstract: While wind assessment periods commonly range from 1 to several years, this is typically based on experience and industry norms. In this investigation, we perform an analysis of the error that can be expected in… read more here.
Keywords: energy production; error; uncertainty; production uncertainty ... See more keywords