Day-ahead wind speed forecasting using f-ARIMA models

With the integration of wind energy into electricity grids, it is becoming increasingly important to obtain accurate wind speed/power forecasts. Accurate wind speed forecasts are necessary to schedule dispatchable generation and tariffs in the day-ahead electricity market. This paper examines the use of fractional-ARIMA or f-ARIMA models to model, and forecast wind speeds on the day-ahead (24h) and two-day-ahead (48h) horizons. The models are applied to wind speed records obtained from four potential wind generation sites in North Dakota. The forecasted wind speeds are used in conjunction with the power curve of an operational (NEG MICON, 750kW) turbine to obtain corresponding forecasts of wind power production. The forecast errors in wind speed/power are analyzed and compared with the persistence model. Results indicate that significant improvements in forecasting accuracy are obtained with the proposed models compared to the persistence method.