Utilities are industries that operate facilities that generate, transmit, and distribute gas, water, or electricity to the general public. By balancing a complex power grid through proper understanding of the essentials of utility load management, electric utilities not only generate and sell power but also perform this service in a convenient and inexpensive way for the utility and their consumers. Utility load management is a way of balancing electrical load with supplied electricity by adjusting the load rather than the supplied power. Generally, utility management systems minimize the demand for electricity at peak usage time, which can save the utility a large number of expenses.
Often, utilities partner with experts to create a utility load management system. These systems need to possess data integration and automation capabilities, which can enable the utility track performance and forecast capacity. An ideal utility load management system should also minimize peak demand pricing, which can benefit customers by reducing electricity costs.
