Accuracy of wind energy forecasts in Great Britain and prospects for improvement

Kevin Forbes and Ernest M. Zampelli

Utilities Policy, 2020, vol. 67, issue C

Abstract: The metric representing the wind energy forecast error, when reported as a percent, is calculated quite differently than the error metrics for electricity transmission, electricity load, or in other industries such as manufacturing when they are also reported as a percent. The resulting calculated metric is quite different from what would be reported if the method utilized elsewhere was employed. This paper examines the possible forecast assessment and operational challenges associated with this finding. Concerning the prospects for improvement, the errors reported in MW of energy have a systematic component. With this insight, we developed a model to improve accuracy.

Keywords: Wind energy forecasting; Forecast accuracy (search for similar items in EconPapers)
JEL-codes: Q42 Q47 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:67:y:2020:i:c:s0957178720301053

DOI: 10.1016/j.jup.2020.101111

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