?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%2F687%2F&rft.title=Electricity+Exchange%3A+Demand+Side+Unit+performance+monitoring&rft.creator=Bokharaie%2C+V.&rft.creator=Carroll%2C+P.&rft.creator=Devine%2C+M.&rft.creator=Fennell%2C+P.&rft.creator=Gleeson%2C+J.&rft.creator=Hayes%2C+K.&rft.creator=Hunter%2C+G.&rft.creator=Idiak%2C+J.&rft.creator=Lee%2C+W.&rft.creator=Lynch%2C+J.&rft.creator=Mason%2C+J.&rft.creator=Nowotarski%2C+J.&rft.creator=O'Connell%2C+M.&rft.creator=O'Sullivan%2C+D.&rft.creator=Tomczyk%2C+J.&rft.creator=Ward%2C+J.&rft.creator=Anson+Yan%2C+L.T.&rft.creator=Finn%2C+P.&rft.subject=Decision+making&rft.subject=Energy+and+utilities&rft.description=Demand+Side+Response+management+encourages+elec-+tricity+demand+reduction+during+peak+hours.+One+avenue+for+achieving+this+is+through+Demand+Side+Units+(DSUs).+These+are+large+electricity+consumers+who+can+afford+to+reduce+their+demand+on+the+electricity+grid+when+required.+Issues+with+DSUs+revolve+around+verification+that+the+correct+demand+reduction+takes+place%2C+with+limited+monitoring+capabilities+from+the+electrical+grid+operator+Eir-+Grid.+This+issue+is+studied+here+with+the+current+methods+thoroughly+analysed+and+new+methods+proposed.+In+this+report+six+different+forecasting+methods+are+presented%2C+and+their+accuracy+is+compared+using+two+different+error+metrics.+Due+to+inherent+stochasticity+in+demand+it+is+found+that+there+is+no+one+fore-+casting+method+which+is+unequivocally+best%2C+but+the+%E2%80%98Keep+it+simple%E2%80%99+weekly+and+the+temperature+dependent+models+are+identified+as+the+most+promising+models+to+pursue.+Initial+investigations+suggest+that+a+%E2%80%98proxy+day%E2%80%99+mechanism+may+be+preferable+to+the+current+method+of+verifying+that+the+correct+demand+reduction+takes+place.&rft.date=2013&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%2F687%2F1%2FElectricityExchange_MACSIreport.pdf&rft.identifier=++Bokharaie%2C+V.+and+Carroll%2C+P.+and+Devine%2C+M.+and+Fennell%2C+P.+and+Gleeson%2C+J.+and+Hayes%2C+K.+and+Hunter%2C+G.+and+Idiak%2C+J.+and+Lee%2C+W.+and+Lynch%2C+J.+and+Mason%2C+J.+and+Nowotarski%2C+J.+and+O'Connell%2C+M.+and+O'Sullivan%2C+D.+and+Tomczyk%2C+J.+and+Ward%2C+J.+and+Anson+Yan%2C+L.T.+and+Finn%2C+P.++(2013)+Electricity+Exchange%3A+Demand+Side+Unit+performance+monitoring.++%5BStudy+Group+Report%5D+++++