Home > Term: demand
demand
In power: the rate at which electricity is delivered to or by a system at a given instant or averaged over a designated period, usually expressed in kilowatts or megawatts.
In oil: the rate of consumption of refined products, normally measured in millions of barrels per day, or in million tonnes per year.
- Part of Speech: noun
- Industry/Domain: Energy
- Category: Energy trade
- Company: Platts
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Creator
- Jeremy Z
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