A weather roulette to ASSESS the economic value of seasonal wind predictions
Climate prediction is an emerging and highly innovative research area. For the wind energy sector, predicting the future variability of wind resources over the coming weeks or seasons is especially relevant to quantify operation and maintenance logistic costs or to inform energy trading decision with potential cost savings and/or economic benefits. Recent advances in climate predictions have already shown that probabilistic forecasting can improve the current prediction practices, which are based in the use of retrospective climatology and the assumption that what happened in the past is the best estimation of future conditions. Energy decision makers now have this new set of climate services but, are they willing to use them? This app aims to properly explain the potential economic benefits of adopting probabilistic predictions, compared with the current practice.
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