?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.relation=http%3A%2F%2Fmiis.maths.ox.ac.uk%2Fmiis%2F610%2F&rft.title=Electricity+price+predictability+and+quantifying+customer+suitability&rft.creator=Arculus%2C+R.&rft.creator=Christiansen%2C+M.&rft.creator=Devine%2C+M.&rft.creator=Dempsey%2C+C.&rft.creator=Fennell%2C+J.&rft.creator=Gleeson%2C+J.&rft.creator=Hunter%2C+G.&rft.creator=O'Sullivan%2C+K.&rft.creator=Nuttall%2C+B.&rft.subject=Energy+and+utilities&rft.subject=Discrete&rft.description=This+report+summarises+progress+made+towards+the+problems+submitted+by+Crystal+Energy+at+the+82nd+European+Study+Group+with+Industry.+Crystal+Energy+purchases+power+from+the+Irish+Single+Electricity+Market%2C+and+supplies+it+to+small+and+medium+sized+business+customers+at+half-hourly+variable+rates.+They+posed+two+problems+to+the+study+group.+The+first+was+to+analyse+the+predictability+of+these+electricity+prices+while+for+the+second+problem+the+group+were+asked+to+develop+a+metric+that+would+help+identify+customers+that+are+suitable+for+these+flexible+tariffs.+The+group%E2%80%99s+analysis+found+that+large+price+spikes+and+large+errors+between+actual+and+predicted+prices+were+more+likely+to+occur+at+certain+times.+Previously%2C+Crystal+Energy+supplied+their+customers+with+price+predictions+only.+Using+the+results+from+the+study+group%2C+Crystal+Energy+will+now+be+able+to+provide+their+customers+with+information+on+the+errors+associated+with+price+predictions+as+well+as+information+on+the+likelihood+of+price+spikes+at+a+given+time.+In+relation+to+the+second+problem%2C+the+group+successfully+developed+a+measure+that+is+able+to+quantify+the+suitability+of+different+customers+to+the+flexible+tariffs+offered+by+Crystal+Energy.&rft.date=2011&rft.type=Study+Group+Report&rft.type=NonPeerReviewed&rft.format=application%2Fpdf&rft.language=en&rft.identifier=http%3A%2F%2Fmiis.maths.ox.ac.uk%2Fmiis%2F610%2F1%2FCrystalEnergy.pdf&rft.identifier=++Arculus%2C+R.+and+Christiansen%2C+M.+and+Devine%2C+M.+and+Dempsey%2C+C.+and+Fennell%2C+J.+and+Gleeson%2C+J.+and+Hunter%2C+G.+and+O'Sullivan%2C+K.+and+Nuttall%2C+B.++(2011)+Electricity+price+predictability+and+quantifying+customer+suitability.++%5BStudy+Group+Report%5D+++++