“Demand response project” means any project, technology, product, service, function or measure, or an aggregation thereof, that changes the usage of electricity by retail customers in this State from the normal consumption patterns in response to:

1. 1. Changes in the price of electricity over time; or
2. 2. Incentive payments designed to induce lower electricity use at times of high market prices or when system reliability is jeopardized.

(Added to NRS by 2017, 2535)