A review of short-term wind power forecasting approaches

In the last few years, the efforts made by the scientific community to present efficient and effective tools to forecast the behaviour of wind power have been significant. These techniques in forecasting aim to help wind producers face the competition in deregulated electricity markets, and in this field the short-term tools are one line of defence for all market players to make acceptable bids, ensuring the robustness and reliability of the electricity system. This paper aims to present a review of the state-of-art reported by the scientific community over the last few years. This is based on forecasting wind power approaches in the short-term, in different regions of the world, with a particular focus on statistical, hybrid, intelligent, and time-series approaches, and reports on the most significant findings reported in journals within this field of knowledge.