Abstract:
This paper proposes the incentive-based demand response (IBDR) scheme to mitigate the phase unbalancing of the distribution system while considering the additional techno-economical parameters: peak-to-average ratio, line losses, profit maximization of the Distribution Company (DISCOM). Further, an incentive framework based on quantitative measures for end-consumer demand revision is also investigated in this paper. The proposed model’s applicability has been tested on a modified IEEE 25-bus unbalanced distribution system. Obtained results can be inferred as guidance for DISCOM to maximize its profit while upholding the distribution system’s technical constraints.