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

<table class="table-group" id="tab2"><tr><td><table class="table"><tr><td class="thead-hr" colspan="5"><hr/></td></tr><tr class="thead"><td class="align_left">Time</td><td class="align_center">1 am–7 am</td><td class="align_center">8 am–11 pm</td><td class="align_center">12 pm–9 pm</td><td class="align_center">10 pm–12 am</td></tr><tr><td class="thead-hr" colspan="5"><hr/></td></tr><tr><td class="align_left">Price elasticity</td><td class="align_center">−0.08</td><td class="align_center">−0.11</td><td class="align_center">−0.19</td><td class="align_center">−0.11</td></tr><tr class="table-tr"><td colspan="5"><hr class="tbody-hr"/></td></tr></table></td></tr></table>

<div>Price elasticity of demand [<a href="/journals/itees/2023/4650539/#B34" target="_blank">34</a>].</div>

International Transactions on Electrical Energy Systems

tab2

Table 2

Table 2: Enhancing Peak Shaving through Nonlinear Incentive-Based Demand Response: A Consumer-Centric Utility Optimization Approach 