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
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