# Influence of Demand and Generation Uncertainty on the Operational Efficiency of Smart Grids

## TL;DR

This paper investigates how forecast errors in load and generation affect the operational efficiency of smart grids with high renewable energy shares, using a small virtual power plant as a case study.

## Contribution

It provides an analysis of the impact of prediction errors on smart grid operation, highlighting the importance of accurate forecasts for system efficiency.

## Key findings

- Forecast errors significantly impact operational performance.
- Improved forecasting reduces operational inefficiencies.
- Analysis specific to small virtual power plants.

## Abstract

To ensure the smooth and near optimal operation of storage and controllable generation in a grid with a high share of renewable energies, it is important to have accurate forecasts for load and generation. But even with the advanced forecasts available today, the prediction error can have a significant impact on the operation performance of the system. This paper compares and analyzes the impact of the prediction-error on the operational performance in case of a small virtual power plant.