Analysis of wind speed distribution and applications in energy economics
| Author: | Bc. Václav Brož |
|---|---|
| Year: | 2015 - summer |
| Leaders: | RNDr. Michal Červinka Ph.D. |
| Consultants: | |
| Work type: | Bachelors |
| Language: | English |
| Pages: | 48 |
| Awards and prizes: | |
| Link: | https://is.cuni.cz/webapps/zzp/detail/151206/ |
| Abstract: | Integration of generators of wind power into the electricity grid involves specific costs due to the intermittent nature of wind. Analysis of wind speed distribution is essential for accurate short-term prediction of wind power output in order to avoid mismatch between supply and demand in electricity markets. This thesis theoretically describes the analysis of wind speed distribution, highlighting econometric and statistical concepts pertaining to the high persistence (modelling by the means of an AR(1) process) and the non-negativity (use of truncated normal distribution) of wind speed data. A random vector describing the evolution of wind speed in time for a location in the Czech Republic is derived and its parameters are compared with those from the work of other authors. |
