Statistical Analysis of the Impact of Wind Power on Market Quantities and Power Flows

Pierre Pinson; Tryggvi Jónsson; Marco Zugno; Juan Miguel Morales González; Henrik Madsen

doi:10.1109/PESGM.2012.6345490

Statistical Analysis of the Impact of Wind Power on Market Quantities and Power Flows

Pierre Pinson (Invited author), Tryggvi Jónsson (Invited author), Marco Zugno (Invited author), Juan Miguel Morales González (Invited author), Henrik Madsen (Invited author)

Research output: Chapter in Book/Report/Conference proceeding › Article in proceedings › Research › peer-review

Abstract

In view of the increasing penetration of wind power in a number of power systems and markets worldwide, we discuss some of the impacts that wind energy may have on market quantities and cross-border power flows. These impacts are uncovered through statistical analyses of actual market and flow data in Europe. Due to the dimensionality and nonlinearity of these effects, the necessary concepts of dimension reduction using Principal Component Analysis (PCA), as well as nonlinear regression are described. Example application results are given for European cross-border flows, as well as for the impact of load and wind power forecasts on Danish and German electricity markets.

Original language	English
Title of host publication	2012 IEEE Power and Energy Society General Meeting
Number of pages	8
Publisher	IEEE
Publication date	2012
ISBN (Print)	978-1-4673-2727-5
ISBN (Electronic)	978-1-4673-2728-2
DOIs	https://doi.org/10.1109/PESGM.2012.6345490
Publication status	Published - 2012
Event	2012 IEEE Power and Energy Society General Meeting - Manchester Grand Hyatt, San Diego, United States Duration: 22 Jul 2012 → 26 Jul 2012 http://pes-gm.org/2012/ https://ieeexplore.ieee.org/xpl/conhome/6330648/proceeding

Conference

Conference	2012 IEEE Power and Energy Society General Meeting
Location	Manchester Grand Hyatt
Country/Territory	United States
City	San Diego
Period	22/07/2012 → 26/07/2012
Internet address	http://pes-gm.org/2012/ https://ieeexplore.ieee.org/xpl/conhome/6330648/proceeding

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title = "Statistical Analysis of the Impact of Wind Power on Market Quantities and Power Flows",

abstract = "In view of the increasing penetration of wind power in a number of power systems and markets worldwide, we discuss some of the impacts that wind energy may have on market quantities and cross-border power flows. These impacts are uncovered through statistical analyses of actual market and flow data in Europe. Due to the dimensionality and nonlinearity of these effects, the necessary concepts of dimension reduction using Principal Component Analysis (PCA), as well as nonlinear regression are described. Example application results are given for European cross-border flows, as well as for the impact of load and wind power forecasts on Danish and German electricity markets.",

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language = "English",

isbn = "978-1-4673-2727-5",

booktitle = "2012 IEEE Power and Energy Society General Meeting",

publisher = "IEEE",

address = "United States",

note = "2012 IEEE Power and Energy Society General Meeting, PESGM 2012 ; Conference date: 22-07-2012 Through 26-07-2012",

url = "http://pes-gm.org/2012/, https://ieeexplore.ieee.org/xpl/conhome/6330648/proceeding",

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Statistical Analysis of the Impact of Wind Power on Market Quantities and Power Flows. / Pinson, Pierre (Invited author); Jónsson, Tryggvi (Invited author); Zugno, Marco (Invited author) et al.
2012 IEEE Power and Energy Society General Meeting. IEEE, 2012.

Research output: Chapter in Book/Report/Conference proceeding › Article in proceedings › Research › peer-review

TY - GEN

T1 - Statistical Analysis of the Impact of Wind Power on Market Quantities and Power Flows

AU - Pinson, Pierre

AU - Jónsson, Tryggvi

AU - Zugno, Marco

AU - Morales González, Juan Miguel

AU - Madsen, Henrik

PY - 2012

Y1 - 2012

N2 - In view of the increasing penetration of wind power in a number of power systems and markets worldwide, we discuss some of the impacts that wind energy may have on market quantities and cross-border power flows. These impacts are uncovered through statistical analyses of actual market and flow data in Europe. Due to the dimensionality and nonlinearity of these effects, the necessary concepts of dimension reduction using Principal Component Analysis (PCA), as well as nonlinear regression are described. Example application results are given for European cross-border flows, as well as for the impact of load and wind power forecasts on Danish and German electricity markets.

AB - In view of the increasing penetration of wind power in a number of power systems and markets worldwide, we discuss some of the impacts that wind energy may have on market quantities and cross-border power flows. These impacts are uncovered through statistical analyses of actual market and flow data in Europe. Due to the dimensionality and nonlinearity of these effects, the necessary concepts of dimension reduction using Principal Component Analysis (PCA), as well as nonlinear regression are described. Example application results are given for European cross-border flows, as well as for the impact of load and wind power forecasts on Danish and German electricity markets.

U2 - 10.1109/PESGM.2012.6345490

DO - 10.1109/PESGM.2012.6345490

M3 - Article in proceedings

SN - 978-1-4673-2727-5

BT - 2012 IEEE Power and Energy Society General Meeting

PB - IEEE

T2 - 2012 IEEE Power and Energy Society General Meeting

Y2 - 22 July 2012 through 26 July 2012

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Statistical Analysis of the Impact of Wind Power on Market Quantities and Power Flows

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