Study of consumer benefit functions for demand response algorithm

Demand response (DR) is an effective tool for energy management at the consumer end. The effectiveness of DR model depends not only on cost minimization but also on consumer satisfaction and comfort level. The satisfaction of the consumer is measured by benefit functions. In this paper, three benefit functions viz. Quadratic, logarithmic, and exponential have been modeled to study the DR algorithm for effective energy management. And also suggested a method to calculate approximated benefit function. The simulation results are presented for different scenarios.