I like the idea of Negawatt. Maybe people would have had this idea earlier if they knew what would happen in the future. Negawatt power is the idea of creating incentives to reduce demand for electricity to ease the load at peak times or alleviate the need to build more generation plants. In theory, these negawatts can be aggregated and an arbitrage market could be created to trade these. So, what is a negawatt?

\né-gə-wät\ n: A measure of the avoided use or the conservation of a unit of energy. Coined by author and scientist Amory Lovins, the term has been around for quite a long time. When energy efficiency measures are implemented in existing structures, energy consumption is reduced. This reduction can be measured in negawatts. Get it? negative watts.