What is Load Factor?Load Factor DefinitionLoad Factor is defined as the ratio of the average load to the maximum load over a specific period.Calculation MethodLoad Factor is calculated by dividing total energy consumption by the product of peak demand and time period.Efficiency IndicatorA high Load Factor indicates efficient energy use, while a low Load Factor suggests inefficiency.Impact of Peak LoadReducing peak load helps improve the Load Factor and reduces electricity costs.Load ManagementSh