The Controllability of Real Things: Planning for Wind Integration

Wooyoung Jeon; Alberto J. Lamadrid; Jung Youn Mo; Timothy D. Mount

doi:10.1016/j.tej.2014.12.005

The Controllability of Real Things: Planning for Wind Integration

Wooyoung Jeon
, Alberto J. Lamadrid
, Jung Youn Mo
, Timothy D. Mount

School of Humanities and Social Sciences

Research output: Contribution to journal › Article › peer-review

7 Scopus citations

Abstract

The authors employed a novel optimization framework coupled with an econometric model of wind to study market performance. One conclusion: in circumstances with high uncertainty in the market - as with high penetration of renewables - relying more on a real-time market, similar to the National Electricity Market in Australia, may be a better way to deal with this uncertainty because it uses updated and more accurate information about the wind variability.

Original language	English
Pages (from-to)	19-28
Number of pages	10
Journal	Electricity Journal
Volume	28
Issue number	1
DOIs	https://doi.org/10.1016/j.tej.2014.12.005
State	Published - 1 Jan 2015

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10.1016/j.tej.2014.12.005

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title = "The Controllability of Real Things: Planning for Wind Integration",

abstract = "The authors employed a novel optimization framework coupled with an econometric model of wind to study market performance. One conclusion: in circumstances with high uncertainty in the market - as with high penetration of renewables - relying more on a real-time market, similar to the National Electricity Market in Australia, may be a better way to deal with this uncertainty because it uses updated and more accurate information about the wind variability.",

author = "Wooyoung Jeon and Lamadrid, \{Alberto J.\} and Mo, \{Jung Youn\} and Mount, \{Timothy D.\}",

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AU - Lamadrid, Alberto J.

AU - Mo, Jung Youn

AU - Mount, Timothy D.

PY - 2015/1/1

Y1 - 2015/1/1

N2 - The authors employed a novel optimization framework coupled with an econometric model of wind to study market performance. One conclusion: in circumstances with high uncertainty in the market - as with high penetration of renewables - relying more on a real-time market, similar to the National Electricity Market in Australia, may be a better way to deal with this uncertainty because it uses updated and more accurate information about the wind variability.

AB - The authors employed a novel optimization framework coupled with an econometric model of wind to study market performance. One conclusion: in circumstances with high uncertainty in the market - as with high penetration of renewables - relying more on a real-time market, similar to the National Electricity Market in Australia, may be a better way to deal with this uncertainty because it uses updated and more accurate information about the wind variability.

UR - https://www.scopus.com/pages/publications/84922739358

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The Controllability of Real Things: Planning for Wind Integration

Abstract

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