Enhancing Peak Shaving through Nonlinear Incentive-Based Demand Response: A Consumer-Centric Utility Optimization Approach

Table 1

Linear or nonlinear demand functions.

Function	Formula
Linear	D = a + b ×
Exponential	D = a × e^b×P
Logarithmic	D = a1 + a2 × lnP^b
Power	D = a × P^b