Abstract: Accurate estimation and evaluation of consumption reduction achieved by participants during Demand Response is critical to Smart Grids. We perform an in-depth study of popular estimation methods used to determine the extent of consumption shedding during DR, using a real-world Smart Grid dataset from the University of Southern California campus microgrid. We provide insights to the process of selecting a reasonable baseline with respect to potential misinterpretation of the estimation of electricity consumption reduction during DR.
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