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[pdf] Peak shaving refers to reducing electricity consumption during periods of peak demand when utility rates are highest. Energy storage systems play a crucial role by storing electricity during off-peak hours and discharging it during peak times, helping businesses avoid expensive demand charges.
[pdf] When peak-load shifting is applied to reduce energy costs, it is often referred to as "peak shaving." Peak shaving describes when a facility uses a local energy storage system to compensate for the facility’s large energy consumption during peak hours of the day.
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