Value of forecasting
|WS:||WP1 Weather||WP2 Power||WP3 Applications||Deliverable||#, Due||Collaboration|
|Value of forecasting (WP3)||X||Paper||D 3.4 / M33|
Without value for the end users, there wouldn’t be a market for forecasts. The incremental value of increase accuracy is though much harder to assess. The value proposition is though quite country and market specific. Therefore, we will analyse different market structures w.r.t. to the regulatory framework, the amount of renewable power in the system (i.e. whether it is a price taker or price maker), the possibilities for gaming and the implications of gaming for the system.
D.3.4: Documentation and communication of the assessment of the value of probabilistic forecasts in selected markets, bidding strategies (M24)