The Unintended Consequences of Demand Response Management System Market
Demand Response Management System (DRMS) caters to problems such as peak loading, electricity blackouts, and expensive electricity buyouts by utilities, and offers cost benefits and incentives to the end-users linked to the DRMS system. According to World Energy Council (WEC), the global demand for electricity is expected to double by 2060 from the present level. This is primarily due to rising urbanization and industrialization, primarily in developing nations, such as Asia and Africa. As a result, with growing demand for...
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