no code implementations • 11 Feb 2022 • Jyoti Narwariya, Chetan Verma, Pankaj Malhotra, Lovekesh Vig, Easwara Subramanian, Sanjay Bhat
One of the objectives of such demand response management is to incentivize the consumers to adjust their consumption so that the overall electricity procurement in the wholesale markets is minimized, e. g. it is desirable that consumers consume less during peak hours when cost of procurement for brokers from wholesale markets are high.