Energy demand management, also known as demand side management (DSM), is the modification of consumer demand for energy through various methods such as financial incentives and education. Usually, the goal of demand side management is to encourage the consumer to use less energy during peak hours, or to move the time of energy use to off-peak times such as nighttime and weekends. Peak demand management does not necessarily decrease total energy consumption, but could be expected to reduce the need for investments in networks and/or power plants.
The term DSM was coined during the time of the 1973 energy crisis and 1979 energy crisis.
Read more about Energy Demand Management: Operation, Logical Foundations, Examples, Problems With DSM, DSM in Systems Based On Hydropower
Famous quotes containing the words energy, demand and/or management:
“Viewed narrowly, all life is universal hunger and an expression of energy associated with it.”
—Mary Ritter Beard (1876–1958)
““We should have to be God ourselves!”MWith a phrase so startling as this yet ringing in my ears, I nevertheless venture to demand if this our present ignorance of the Deity is an ignorance to which the soul is everlastingly condemned.”
—Edgar Allan Poe (1809–1849)
“Why not draft executive and management brains to prepare and produce the equipment the $21-a-month draftee must use and forget this dollar-a-year tommyrot? Would we send an army into the field under a dollar-a-year General who had to be home Mondays, Wednesdays and Fridays?”
—Lyndon Baines Johnson (1908–1973)