A multilevel demand response profiling and modeling solution enabled by digital twins integration

Abstract: A key aspect of flexibility is demand response (DR), where consumers adjust their energy consumption through pricing signals and financial incentives, reducing peak demand and increasing usage during low-demand periods. This enhances the utilization of renewable energy and stabilizes the electricity grid. The integration of Internet of Things (IoT) and Digital Twins (DT) technology in DR transforms energy flexibility into a valuable distributed energy resource asset. This paper presents a demand response framework that lowers the operating costs, and efficiently handles the stochasticity of the energy demand and generation.