noun
calm water; smooth water
Describes water that is still and without waves; often used in literary or descriptive contexts.
湖面は平水で、鏡のようだった。
The lake surface was calm water, like a mirror.
noun
usual amount of water
Refers to the normal or expected water level, such as in a river or reservoir; less common than the 'calm water' sense.
ダムの放流量は平水に戻った。
The dam's discharge returned to the usual amount of water.