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New forecast tools to enhance the value of VRE on the electricity market: Deliverable D4.9

2021-10Report Open access
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dc.contributor.authorCouto, António
dc.contributor.authorSchimeczek, Christoph
dc.contributor.authorAlgarvio, Hugo
dc.contributor.authorPreto, Isabel
dc.contributor.authorKochems, Johannes
dc.contributor.authorSantos, Tiago
dc.contributor.authorNienhaus, Kristina
dc.contributor.authorEstanqueiro, Ana
dc.date.accessioned2022-01-21T18:38:34Z
dc.date.available2022-01-21T18:38:34Z
dc.date.issued2021-10
dc.descriptionProject TradeRES - New Markets Design & Models for 100% Renewable Power Systems: https://traderes.eu/about/pt_PT
dc.description.abstractABSTRACT: The present deliverable was developed as part of the research activities of the TradeRES project Task 4.4 - Enhancing the value of VRE on the electricity markets with advanced forecasting and ramping tools. This report presents the first version of deliverable 4.9, which consists on the description and implementation of the forecasting techniques aiming to identify and explore the time synergies of meteorological effects and electricity market designs in order to maximize the value of variable renewable energy systems and minimize market imbalances. An overview of key aspects that characterize a power forecast system is presented in this deliverable through a literature review. This overview addresses the: i) forecast time horizon; ii) type of approach (physical, statistical or hybrid); iii) data pre-processing procedures; iv) type of forecast output; and v) the most common metrics used to evaluate the performance of the forecast systems.pt_PT
dc.description.versionN/Apt_PT
dc.identifier.citationCouto, António... [et.al.] - New forecast tools to enhance the value of VRE on the electricity market: Deliverable D4.9. Project report of WP4 - Development of Open-access Market Simulation Models and Tools, Deliverable nº D4.9. LNEG, 2021, 51 pp.pt_PT
dc.identifier.urihttp://hdl.handle.net/10400.9/3716
dc.language.isoengpt_PT
dc.relationTools for the Design and modelling of new markets and negotiation mechanisms for a ~100% Renewable European Power Systems
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/pt_PT
dc.subjectElectricity marketspt_PT
dc.subjectOpen access marketspt_PT
dc.subjectAgent-based modelingpt_PT
dc.subjectRenewable energy sourcespt_PT
dc.titleNew forecast tools to enhance the value of VRE on the electricity market: Deliverable D4.9pt_PT
dc.typereport
dspace.entity.typePublication
oaire.awardTitleTools for the Design and modelling of new markets and negotiation mechanisms for a ~100% Renewable European Power Systems
oaire.awardURIinfo:eu-repo/grantAgreement/EC/H2020/864276/EU
oaire.citation.titleNew forecast tools to enhance the value of VRE on the electricity market: Deliverable D4.9pt_PT
oaire.fundingStreamH2020
person.familyNameCouto
person.familyNameEstanqueiro
person.givenNameAntónio
person.givenNameAna
person.identifier.ciencia-id2619-80A1-A8AC
person.identifier.ciencia-idB01D-304F-6CD3
person.identifier.ciencia-id7F11-A24D-EE81
person.identifier.orcid0000-0002-7368-8817
person.identifier.orcid0000-0002-4129-838X
person.identifier.orcid0000-0002-0476-2526
person.identifier.ridJ-9752-2012
person.identifier.scopus-author-id19336967700
project.funder.identifierhttp://doi.org/10.13039/501100008530
project.funder.nameEuropean Commission
rcaap.rightsopenAccesspt_PT
rcaap.typereportpt_PT
relation.isAuthorOfPublicationa0c5b011-98c5-49d3-9ac6-ddfb6027f500
relation.isAuthorOfPublication63bffd90-c233-4ffe-b222-d5b12e31ae33
relation.isAuthorOfPublication20aa31b3-fa3c-42b7-82a4-e6b91c017f9c
relation.isAuthorOfPublication.latestForDiscovery63bffd90-c233-4ffe-b222-d5b12e31ae33
relation.isProjectOfPublication7d7e6f9b-bf23-4adc-8f93-2061ef327e26
relation.isProjectOfPublication.latestForDiscovery7d7e6f9b-bf23-4adc-8f93-2061ef327e26

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