Load factor (electrical) is the average power divided by the peak power over a period of time.n the electricity industry, load factor is a measure of the output of a power plant compared to the maximum output it could produce.
The two commonest definitions are:
* the ratio of average load to capacity
* the ratio of average load to peak load in a period.
Assuming the first definition, a higher load factor is better:
* A power plant may be less efficient at low load factors.
* A high load factor means fixed costs are spread over more kWh of output.
* A high load factor means greater total output.
Therefore a higher load factor usually means more output and a lower cost per unit, which means an electricity generator can sell more electricity at a higher spark spread.
Diversity factor: The ratio of sum of the individual non-coincident maximum demands of various subdivisions of the system to the maximum demand of the complete system. The diversity factor is always less than or equal to 1. The (unofficial) term diversity, as distinguished from diversity factor refers to the percent of time available that a machine, piece of equipment, or facility has its maximum or nominal load or demand (i.e., a 70% diversity means that the device in question operates at its nominal or maximum load level 70% of the time that it is connected and turned on).
Diversity factor is commonly used for a number of mathematics related topics. One such instance is when completing a coordination study for a system. This diversity factor is used to estimate the load of a particular node in the system.
Diversity Factor = Sum of Individual Max. Demands
Max. Demand on Power Station