Energy demand refers to the amount of energy that consumers, businesses, and industries require for various purposes at any given time. It encompasses the total quantity of energy resources utilized in processes like heating, cooling, manufacturing, transportation, and electricity generation. Energy demand can vary based on factors such as time of day, season, economic activity, and technological advancements. It is a crucial aspect of energy management, influencing the planning and operation of energy supply systems, pricing, and policy decisions. Understanding energy demand helps in forecasting energy needs, enhancing efficiency, and promoting sustainable energy practices.
Recent advancements in energy production technology have led to an unexpected development in the energy market. Contrary to predictions, the concern is no longer about a shortage of electricity, but…