Results for tag: "Demand Side Management"

Demand Side Management (DSM) is a set of strategies used by electricity providers to manage the demand for electricity. It involves the use of incentives, pricing, and other measures to encourage customers to reduce their electricity consumption. DSM can help reduce peak demand, improve energy efficiency, and reduce the need for additional power plants. DSM strategies include energy efficiency programs, demand response programs, and time-of-use pricing. Energy efficiency programs provide incentives for customers to purchase energy-efficient appliances and equipment. Demand response programs provide incentives for customers to reduce their electricity consumption during peak demand periods. Time-of-use pricing encourages customers to shift their electricity usage to off-peak hours. DSM can help reduce electricity costs for customers and reduce the need for additional power plants. It can also help reduce greenhouse gas emissions and improve air quality. Some companies in the DSM market include EnerNOC, Opower, and Comverge. Show Less Read more