The purpose of this study is to simulate supply and demand for high renewables penetration scenarios for the South West Interconnected System (SWIS) of Western Australia (WA) centred on Perth. A “no heroic assumptions” policy is applied throughout the study, which means that only those commerc...
Spackman, D., Sivakumar, G., Nair, N.-K., and Yeung, P. (2007), "Long term demand forecast for an electricity distribution network," in Australasian Universities Power Engineering Conference, Perth, WA, Australia.F. Kavehnia, H. Keivani, A. Mohammadi, "Long term demand forecast for ...
Economic comparison of electric fuels for heavy duty mobility produced at excellent global sites - a 2035 scenario Applied Energy, Volume 347, 2023, Article 121379 Philipp Runge,…, Veronika Grimm Show 3 more articles Article Metrics Citations Citation Indexes46 Policy Citations1 Captures Readers80 ...
The cost of RETs may still be perceived as high, but costs have been decreasing recently making them in more and more instances competitive with stand-alone conventional generation; when a socio-economic lifecycle comparison is made, costs of RETs-generated energy services can be now in rural ar...
In South Australia, disruption events appear to have been introduced into the electricity supply through major increases in use of wind and solar electricity generation, and Australian electricity prices have increased dramatically over the last decade. Wind power provides about 35% of to...
The crucial issue in a transmission grid relies on the comparison of the congestion gains and the gains for the expansion of the network. The LT FTR model provides efficient results whenever congestion gains are not larger than the benefits from expansion. In such a case, there would be ...
with exports to the Netherlands just positive at £1.10/MWh. Presumably it was cheaper to pay to export than to pay for more curtailment, where the average cost was £79/MWh not produced in May. For comparison, the average value of imports on the ...
Rai A, Nelson T (2020) Australia’s national electricity market after twenty years. Aust Econ Rev 53(2):165–182 Google Scholar Sapio S (2012) Modeling the distribution of day-ahead electricity returns: A comparison. Quant Finance 12(12):1935–1949 Google Scholar Scarcioffolo AR, Etienne...
The comparison between the ten models is made on the basis of the coefficient of determination R2, which is a strong measure of the quality of the model’s fit for the sample data. It also expresses the percentage of data interpreted by the model. The coefficient of determination 𝑅2R2 ...
To evaluate the performance of the model, (both point and probabilistic approaches), different comparison baseline forecasting models were considered, including Holt–Winters, XGBoost, and LSTM-based models, to analyze historical hourly electricity prices in the Colombian wholesale market. This analysis ...