Demand side management (DSM) is considered as a new facet in Indian power industry to solve the problems of power shortage and energy shortage. Load management or rather peak power management is the only focus of DSM programs in Indian utilities. "Load shedding" is the main tool for load management with the utility in Maharashtra state. DSM in its true sense is yet to be implemented in Indian power market. This paper defines and describes two new indices which quantify the technical and economic benefits of DSM programs. These indices would help understand the rationale for a particular DSM program for engineers, for economists and for management personnel