The balancing approach of electricity generation and consumption is an essential part of a reliable power system. The mismatch between supply and demand may also cause fluctuation in the power system. This study proposes an incentive and penalty-based demand response (I&P-DR) program for improving the profitability of both LSE and customers. First, we use a parameter that weighs the financial benefits of LSE and customers and provides considerable economic benefits to both sides. Second, an incentive and penalty (I&P) price scheme have been employed to recompense and penalize customers and reduce the electricity demand at peak hours. Finally, the study analyzes the importance of (I&P-DR) and its impact on customers’ sensitivity during peak intervals. Simulation results showed that the flexibility to consumption can be brought through the application of the proposed (I&P-DR) program and also provide the financial benefits to both, customers and LSEs.

发电和消耗的平衡方法是可靠的电力系统的重要组成部分。供需之间的不匹配也可能导致电力系统的波动。这项研究提出了一种基于激励和惩罚的需求响应（I＆P-DR）计划，以提高伦敦证交所和客户的盈利能力。首先，我们使用一个参数来权衡LSE和客户的财务收益，并为双方提供可观的经济收益。其次，采用了激励和惩罚（I＆P）价格方案来补偿和惩罚客户，并减少高峰时段的用电需求。最后，该研究分析了（I＆P-DR）的重要性及其在高峰时段对客户敏感性的影响。