CrackitToday App

Time-Of-Day (ToD) Tariff : India’s New Electricity Pricing System

Kumari Sonali

Time-Of-Day (ToD) Tariff : India’s New Electricity Pricing System

The article discusses India’s new electricity pricing system, Time-of-Day (ToD) tariff, which adjusts prices based on demand, aiming to reduce consumption during peak hours

  • Time-of-Day (ToD) tariff is an electricity pricing system that adjusts prices based on demand, with higher rates during peak hours and lower rates during off-peak hours.
  • The goal is to encourage consumers to use electricity when demand is lower, helping to manage energy consumption and grid load.
  • This system is being introduced in India in 2024 for commercial and industrial users and in 2025 for other users.
  • ToD tariffs are already used in many countries, including the US, UK, and Japan.
  • For this system to work, smart meters are needed to track electricity use every 15 minutes.

...Read more on our test console

...Read these too

  • India’s External Debt

    India’s External Debt: As per the External Debt management Unit.India’s external debt rose to US$ 620.7 bnas on March 2022 (an increase of over 8% compared to the previous year)…

  • India’s Defence Exports

    India’s Defence Exports: India’s defence exports for 2021-22 were estimated at Rs 13,000 crore, the highest ever. The U.S. was a major buyer, as also nations in Southeast Asia, West…

  • India’s Ethanol Push

    India’s Ethanol Push: At a G20 Energy Ministers’ meeting, the Indian PM stated that India has rolled out 20% ethanol-blended petrol this year and aims to cover the entire country…