It is NOT the measure of the maximum power in a 15 minute (or whatever interval) period. It is really the energy drawn over the period divided by the time of that period so it is the average power over that period. The maximum power drawn would most likely be higher.
Can't argue that point Mivey. Now, how did they read the old demand meters which recorded the demand on a paper disc?
BTW, demand may be expressed in KW or KVA, right?
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