Conference paper
Statistical Analysis of the Impact of Wind Power on Market Quantities and Power Flows
In view of the increasing penetration of wind power in a number of power systems and markets worldwide, we discuss some of the impacts that wind energy may have on market quantities and cross-border power flows. These impacts are uncovered through statistical analyses of actual market and flow data in Europe.
Due to the dimensionality and nonlinearity of these effects, the necessary concepts of dimension reduction using Principal Component Analysis (PCA), as well as nonlinear regression are described. Example application results are given for European cross-border flows, as well as for the impact of load and wind power forecasts on Danish and German electricity markets.
| Language: | English |
|---|---|
| Publisher: | IEEE |
| Year: | 2012 |
| Pages: | 1-8 |
| Proceedings: | 2012 IEEE Power and Energy Society General Meeting |
| ISBN: | 1467327271 , 146732728X , 9781467327275 , 9781467327282 , 1467327298 and 9781467327299 |
| ISSN: | 19449933 and 19449925 |
| Types: | Conference paper |
| DOI: | 10.1109/PESGM.2012.6345490 |
| ORCIDs: | Pinson, Pierre and Madsen, Henrik |
Danish electricity markets Electricity Electricity supply industry Europe German electricity markets PCA Polynomials Principal component analysis Wind forecasting Wind power generation cross-border power flows dimension reduction flow data load flow load forecasting load power forecasts market quantities nonlinear regression power generation economics power markets power systems principal component analysis regression analysis statistical analysis wind energy wind power forecasts wind power plants
