This contributed volume presents methods for predicting variable resources, such as wind power generation, and analyzes the achievable accuracy of these predictions. Throughout this book, contributors show that the cost of serving customers in systems with highly uncertain generation will depend to a very large extent on how well the predictions are done. Therefore, the supporting IT technologies based on predictive models become critical to avoid the need for fast-responding storage. The model the authors have developed could change the way power portfolios are built. A new perspective for optimization of green energy is presented in this book. Data provided with the book represents a repository of real-world electric energy systems and its IT-enabled smarts.
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