Richard Scharff

TL;DR: In this paper, the authors present a thorough understanding of the errors that may occur in wind power forecasting systems, which is essential for greater penetration of wind power into electricity systems. But no wind forecasting system is perfect.

TL;DR: In this paper, the authors propose a method to reduce expected imbalances in the electricity market by trading of energy until shortly before the period of delivery, which offers market participants a possibility to reduce their expected imbalance and to of...

TL;DR: In this paper, the characteristics of wind power variability and net load variability in multiple power systems based on real data from multiple years were analyzed. Demonstrated characteristics included wind energy variability and load variability.

TL;DR: In this paper, the authors present an overview of the decision-making process of a power generating company on the Nordic electricity market and illustrate how uncertainties affect this process, e.g. power plant outages, uncertain market prices for electricity or imperfect wind power forecasts.

TL;DR: In this article, a literature review investigates the influence of intermittent wind power on the electricity market pointing out the importance of the market design along with presenting the Nordic, the German and the Spanish electricity wholesale market.