Time-segmented Regression Analysis: An Approach in Designing more Effective DSM Scheme

A new analytical approach, time-segmented regression analysis (TSRA) has been introduced for the first time. TSRA is capable of identifying the dominating household factors responsible for peak time electricity consumption at residences. Therefore, identification of these household factors along with their time-varying nature would enable the policymakers to design more effective demand-side management (DSM) strategies to reduce peak-time electricity demand at residences.