Quantifying uncertainty in wholesale electricity price projections using Bayesian emulation of a generation investment model
(2017)
Journal Article
Wilson, A., Dent, C., & Goldstein, M. (2018). Quantifying uncertainty in wholesale electricity price projections using Bayesian emulation of a generation investment model. Sustainable Energy, Grids and Networks, 13, 42-55. https://doi.org/10.1016/j.segan.2017.11.003
Policy-makers need to be confident that decisions based on the outputs of energy system models will be robust in the real-world. To make robust decisions it is critical that the consequences of uncertainty in model outputs are assessed. This paper pr... Read More about Quantifying uncertainty in wholesale electricity price projections using Bayesian emulation of a generation investment model.