Webinar - Optimising participation of renewables generation in multiple electricity markets: Smart4RES vision, opportunities and role of forecasting

09 June 2021 13:00 CEST - In electricity markets, errors associated to RES production forecasting lead to imbalance penalties when actual delivered production deviates from bids. Optimisation strategies, requiring multiple predictions, have been proposed to minimize these penalties. However, having so many predictions represents a cost for operators and can be source of inefficiency by cumulating forecasting errors. In this context, Smart4RES proposes optimisation methods for trading tools, considering multiple market opportunities, high resolution forecast and prescriptive analytics.