Scenarios of short-term wind power generation are becoming increasingly popular as input to multistage decision-making problems e.g. multivariate stochastic optimization and stochastic programming. The quality of these scenarios is intuitively expected to substantially impact the benefits from...

Optimal management and trading of wind generation calls for the providing of uncertainty estimates along with the commonly provided short-term wind power point predictions. Alternative approaches for the use of probabilistic forecasting are introduced. More precisely, focus is given to...