Amends GS 62-133.8(b) and (c) to add to the options through which electric public utilities and electric membership corporations or municipalities may meet the renewable energy and energy efficiency standards to include energy demand reduction. Defines energy demand reduction as a measurable reduction in the electricity demand of a retail electric customer that is voluntary, under the real-time control of the electric public utility and the customer, and measured in real time using two-way communications devices that communicate on the basis of standards.