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.
