The value of solar forecasts and the cost of their errors: A review. Permalink
Published in Renewable and Sustainable Energy Reviews, 2024
[AI-generated abstract summary] This work reviews the value of solar forecasts and the impact of forecast errors on real applications, such as electricity market bidding, power system operations, and household bill reduction. It finds that while solar forecasts are valuable, their errors have significant costs, especially at the transmission level. The study provides recommendations to minimize solar uncertainty, aiding better integration of photovoltaic (PV) systems and variable generation, which can be adapted by different market operators and regulators. Read more