The Time of Day tariff, which was primarily used for the industrial sector in India, is now being gradually expanded to include the commercial sector. I was not really aware of the
time of day tariff definition
until I read some news about it that utility companies may adopt time of day tariffs for commercial clients, according to recent news items in some of India's top publications. While a few states have already done so, others are planning to. The day when residential customers can experience the same is not far off because of the rising daily demand for electricity. Therefore, if you operate a small business or have an office, this change in pricing may have an effect on your electricity costs. You may have the opportunity to lower your bill by changing how you use electricity in the future.
Earn cashback when you pay your electricity bill online using your credit card via NoBroker. Hire professional electricians for all your electrical needs on NoBroker, here.What is TOD tariff structure?
A tariff structure known as a time of day (TOD) tariff applies variable charges depending on what time of day electricity is used. It implies that the price of consuming 1 unit of power will vary according to the time of day—morning, noon, evening, or night. This implies that utilising appliances at some times of the day should be less expensive than doing so at other times.
TOD tariff EC in electricity bill
Electricity grids are comparable to a highway or road that can only carry so many automobiles at once. Highways are congested at peak hours, and electricity systems are congested as well. Driving on a highway during off-peak hours is like riding in the wind, and the same is true for the flow of power. What if users of the roadways were assessed different fees depending on the time of day they used them and the size of their vehicles? People will either choose to utilise a two-wheeler or go through the highway when there is less traffic. Similar to the TOD tariff, individuals will either start utilizing energy-efficient equipment or shift to a time when prices are less.
Electricity usage during peak times is decreased through the implementation of time-of-day tariffs. In order to accomplish this, electricity is made more expensive during peak usage times to discourage consumer use. In order to encourage individuals to utilise electricity during off-peak hours, utilities also lower the electricity rates during those times.
This is what is
time of day tariff.
Read More: How to download electricity bill? Which is The Best App For Electricity Bill Payment? How can I change my phone number on the electricity bill?Your Feedback Matters! How was this Answer?
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What is TOD Tariff?
Tina Shaw
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2022-10-26T10:38:14+00:00 2022-10-26T10:38:16+00:00Comment
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