Usually means: Ratio of peak to total usage.
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We found 5 dictionaries that define the word diversity factor:

General (2 matching dictionaries)
  1. diversity factor: Merriam-Webster
  2. Diversity factor: Wikipedia, the Free Encyclopedia

Computing (2 matching dictionaries)
  1. diversity factor, Diversity factor: Encyclopedia

Tech (1 matching dictionary)
  1. Glossary of Energy Terms (No longer online)

Definitions from Wikipedia (Diversity factor)

noun:  In the context of electricity, the diversity factor is the ratio of the sum of the individual non-coincident maximum loads of various subdivisions of the system to the maximum demand of the complete system.


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