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Probabilistic energy forecasting: Global Energy Forecasting Competition 2014 and beyond
Trading Wind Generation From Short-Term Probabilistic Forecasts of Wind Power
- P. Pinson, C. Chevallier, G. Kariniotakis
- Environmental ScienceIEEE Transactions on Power Systems
- 30 July 2007
Due to the fluctuating nature of the wind resource, a wind power producer participating in a liberalized electricity market is subject to penalties related to regulation costs. Accurate forecasts of…
From probabilistic forecasts to statistical scenarios of short-term wind power production
Short-term (up to 2-3 days ahead) probabilistic forecasts of wind power provide forecast users with a highly valuable information on the uncertainty of expected wind generation. Whatever the type of…
Standardizing the Performance Evaluation of Short-Term Wind Power Prediction Models
A standardized protocol for the evaluation of short-term windpower prediction systems is proposed and a number of reference prediction models are described, and their use for performance comparison is analysed.
On the market impact of wind energy forecasts
Probabilistic Forecasting of Wind Power Generation Using Extreme Learning Machine
- C. Wan, Zhao Xu, P. Pinson, Z. Dong, K. Wong
- EngineeringIEEE Transactions on Power Systems
- 1 May 2014
Accurate and reliable forecast of wind power is essential to power system operation and control. However, due to the nonstationarity of wind power series, traditional point forecasting can hardly be…
Optimal Bidding Strategy of Battery Storage in Power Markets Considering Performance-Based Regulation and Battery Cycle Life
- Guannan He, Qixin Chen, C. Kang, P. Pinson, Q. Xia
- EngineeringIEEE Transactions on Smart Grid
- 1 September 2016
A novel bidding model is incorporated into a profit maximization model to determine the optimal bids in day-ahead energy, spinning reserve, and regulation markets and a decomposed online calculation method to compute cycle life under different operational strategies is proposed to reduce the complexity of the model.
Integrating Renewables in Electricity Markets: Operational Problems
This paper presents a meta-modelling framework called GAMS Codes, which automates the very labor-intensive and therefore time-heavy and expensive process of manually cataloging and automating the various stages of stochastic production.
Estimation of the uncertainty in wind power forecasting
- P. Pinson
- Environmental Science
- 23 March 2006
Wind power experiences a tremendous development in Europe. Though, the intermittence of wind generation causes difficulties in the management of power systems. Moreover, in the context of the…