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A new uncertainty quantification (UQ) algorithm for the error analysis of solar power forecasting is introduced. In solar power forecasting, there is a strong need for lenders, operators, traders, and Virtual Power Plant (VPP) to evaluate the forecasting results provided by different forecast providers. The algorithm potentially evaluates the third party's forecast to increase the performance of VPP...
This paper describes a framework of incorporating smart sampling techniques in a probabilistic look-ahead contingency analysis application. The predictive probabilistic contingency analysis helps describe the impact of uncertainties caused by variable generation and load on potential violations of transmission limits. The objectives of smart sampling techniques are to represent structure and statistical...
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