The increasing rate of penetration of non-conventional renewable energies is affecting the traditional assumption of controllability over energy sources. Power dispatching scheduling methods need to integrate the intrinsic randomness of some new sources, among which, wind energy is particularly difficult to treat. This work aims on the construction of confidence bands around wind energy forecasts. Complementarily, the proposed technique can be extended to integrate multiple forecasts into a single one, whose band's width is narrower at the same level of confidence. The work is based upon a real-world application case, developed for the Uruguayan Electricity Market, a world leader country in the penetration of renewable energies.
@article{arxiv.1805.04474,
title = {Nonparametric optimization of short-term confidence bands for wind power generation},
author = {Claudio Risso and Gustavo Guerberoff},
journal= {arXiv preprint arXiv:1805.04474},
year = {2018}
}