Scheduling Coordinator’s Flat Rate Service for Wind Energy Development in Poland

Abstract

The development of the electricity market has made the energy industry an attractive investment for many businesses. In recent years, the electricity market has been going through the process of liberalization, which has contributed to the provision of new services for investors interested in the development of the energy industry. Recently, one of the most rapidly growing sources of electricity has been wind farms. Few investors are aware of the consequences of connecting wind farms to the national power grid, as well as of the subsequent exploitation of these resources. After the Electricity Sales Contract has been concluded, investors agree to predict electrical capacity generation within the span of 24 hours with a daily advance. The specific nature of wind farm functioning makes the prediction of electrical capacity generation difficult and, consequently, the owners bear the costs of deviations on the electricity balancing market. The resulting costs may result in the lack of liquidity of the project owner and, ultimately, in bankruptcy. In such a case, the Scheduling Coordinator’s flat rate service is a solution for the owner of a wind farm. The paper presents an analysis of selected forecasting models used to predict the electrical capacity of wind farms, as well as the Scheduling Coordinator’s service.