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The demand factor is always less than or equal to one. As the amount of demand is a time dependent quantity so is the demand factor. () = The demand factor is often ...
Parking minimums have shifted the cost of parking spaces from drivers to building developers, making them a hidden cost ($28,000 for non-garage, $56,000 for garage spaces, excluding the cost of land) that thereby increases the cost of rents by nearly 20%, and has contributed to America's housing affordability problem.
In a power system, a load curve or load profile is a chart illustrating the variation in demand/electrical load over a specific time. Generation companies use this information to plan how much power they will need to generate at any given time. A load duration curve is similar to a load curve. The information is the same but is presented in a ...
Capacity factor is a measure of the output of a power plant compared to the maximum output it could produce. Capacity factor is often defined as the ratio of average load to capacity or the ratio of average load to peak load in a period of time. A higher load factor is advantageous because a power plant may be less efficient at low load factors ...
The price of housing is also an important factor. The price elasticity of the demand for housing services in North America is estimated as negative 0.7 by Polinsky and Ellwood (1979), and as negative 0.9 by Maisel, Burnham, and Austin (1971). An individual household's housing demand can be modelled with standard utility/choice theory.
Historically, demand response programs have focused on peak reduction to defer the high cost of constructing generation capacity. However, demand response programs are now being looked to assist with changing the net load shape as well, load minus solar and wind generation, to help with integration of variable renewable energy. [13]