Nev. Rev. Stat. § 701B.950

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 701B.950 - "Demand response project" defined

"Demand response project" means any project, technology, product, service, function or measure, or an aggregation thereof, that changes the usage of electricity by retail customers in this State from the normal consumption patterns in response to:

1. Changes in the price of electricity over time; or

2. Incentive payments designed to induce lower electricity use at times of high market prices or when system reliability is jeopardized.

NRS 701B.950

Added to NRS by 2017, 2535

Added by 2017, Ch. 388,§6.5, eff. 7/1/2017.