Wind power is an increasingly used form of renewable energy. The uncertainty in wind generation is very large due to the inherent variability in wind speed, and this needs to be understood by operators of power systems and wind farms. To assist with the management of this risk, this paper...

Weather derivatives enable energy companies to protect themselves against weather risk. Weather ensemble predictions are generated from atmospheric models and consist of multiple future scenarios for a weather variable. They can be used to forecast the density of the payoff from a weather...

Density forecasts for weather variables are useful for the many industries exposed to weather risk. Weather ensemble predictions are generated from atmospheric models and consist of multiple future scenarios for a weather variable. The distribution of the scenarios can be used as a density...

Weather forecasts are an important input to many electricity demand forecasting models. This study investigates the use of weather ensemble predictions in electricity demand forecasting for lead times from 1 to 10 days ahead. A weather ensemble prediction consists of 51 scenarios for a weather...

Density forecasts for weather variables are useful for the many industries exposed to weather risk. Weather ensemble predictions are generated from atmospheric models and consist of multiple future scenarios for a weather variable. The distribution of the scenarios can be used as a density...