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The agreement kept prices high and established production quotas to balance supply and demand.
Utility companies can balance supply and demand more efficiently and improve grid reliability.
"We are trying to balance supply and demand," Mr. Kakati said.
"Sellers like us because they can use us to balance supply and demand in a constantly changing business".
Its report, Smart Power, looks into ways the UK can better balance supply and demand in the energy market.
This makes it hard for an electricity grid operator to balance supply and demand, especially when demand spikes.
As OPEC reduced oil production by 5percentt, Iraq loomed as a threat to the group's efforts to balance supply and demand.
What he did say clearly was that government needed to bear final responsibility for the economy by using its powers to balance supply and demand.
By doing such analyses of their own patients, doctors can figure out how to balance supply and demand, Dr. Murray said.
Similar(2)
Renewables are intermittent and continent-scale grids (which are starting to be built) and better storage will be needed to balance supplies.
On the other hand, the chance of any new schemes starting in the next 12 to 18 months is small, which should help re-balance supply and demand,' he says.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com