Instruct: Identify the main and secondary category of Arxiv papers based on the titles and abstracts
Query: Utilizing Device-level Demand Forecasting for Flexibility Markets - Full
  Version   The uncertainty in the power supply due to fluctuating Renewable Energy
Sources (RES) has severe (financial and other) implications for energy market
players. In this paper, we present a device-level Demand Response (DR) scheme
that captures the atomic (all available) flexibilities in energy demand and
provides the largest possible solution space to generate demand/supply
schedules that minimize market imbalances. We evaluate the effectiveness and
feasibility of widely used forecasting models for device-level flexibility
analysis. In a typical device-level flexibility forecast, a market player is
more concerned with the \textit{utility} that the demand flexibility brings to
the market, rather than the intrinsic forecast accuracy. In this regard, we
provide comprehensive predictive modeling and scheduling of demand flexibility
from household appliances to demonstrate the (financial and otherwise)
viability of introducing flexibility-based DR in the Danish/Nordic market.
Further, we investigate the correlation between the potential utility and the
accuracy of the demand forecast model. Furthermore, we perform a number of
experiments to determine the data granularity that provides the best financial
reward to market players for adopting the proposed DR scheme. A cost-benefit
analysis of forecast results shows that even with somewhat low forecast
accuracy, market players can achieve regulation cost savings of 54% of the
theoretically optimal.

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The categories of this paper are: hep-ph
3
The categories of this paper are: physics
26
The categories of this paper are: bayes-an
4
The categories of this paper are: cond-mat
11
The categories of this paper are: hep-lat
16
The categories of this paper are: stat
36
The categories of this paper are: cmp-lg
24
The categories of this paper are: dg-ga
37
The categories of this paper are: supr-con
32
The categories of this paper are: atom-ph
8
The categories of this paper are: hep-ex
5
The categories of this paper are: gr-qc
33
The categories of this paper are: plasm-ph
27
The categories of this paper are: comp-gas
22
The categories of this paper are: chao-dyn
19
The categories of this paper are: eess