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June 28, 2026Energy Conversion and EconomicsOpen Access

Full‐stage risk management of forecast deviation for large‐scale renewable energy participating in the spot market

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Authors

SXSicheng XuRZRuoyi ZhangJCJingwei Chen

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Overview

Randomized trial assesses risk management strategies for renewable energy in spot markets, suggesting improved forecasting accuracy.

Key Points

  • The aim is to address the critical issue of forecast deviations in renewable energy within electricity spot markets.
  • Adopt a full-stage governance framework covering planning to settlement phases.
  • Review global market experiences for managing forecast deviations through multi-stage governance.
  • Utilize self-forecast verification and multi-level substitution mechanisms in the spot market.
  • Probabilistic physical defence boundaries were established to manage random fluctuations.
  • Mitigation strategies included physical resource aggregation and various financial instruments.
  • Incentive-compatible mechanisms enhanced the accuracy of renewable energy forecasting.

Cite This Study

Xu et al. (2026) studied this question.

synapsesocial.com/papers/6a40ba2161bb0a67205c62dchttps://doi.org/10.1049/enc2.70044
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