ToD Tariff Rule: Instead of paying electricity bill at the same rate throughout the day, consumers will pay different rates for electricity at different times of the day. In this way, they can easily reduce their electricity bill.
Electricity Bill Reduced: Central government is now going to implement a new rule to fix the electricity bill in the country. The government has changed two systems of the existing electricity tariff. The government is going to implement the ‘time of day’ (TOD) rule to fix electricity rates. After the implementation of this rule, consumers can save 20 percent in their electricity bill by managing electricity consumption during the daytime. Under the TOD rule, electricity rates will be different for different times of the day.
Tariff will be reduced during the day
Under the new rule, the tariff will be 10-20 percent less than normal during solar hours (daytime). At the same time, the tariff will be 10-20 percent higher during peak hours. Union Power and Energy Minister RK Singh believes that this new rule will benefit consumers in every situation. With the implementation of the TOD system, consumers will be able to avoid doing high power consuming tasks like washing clothes and cooking during peak hours of electricity.
When will the new tariffs be implemented?
According to the official release, the TOD tariff has come into effect from April for commercial and industrial consumers with a maximum demand of 10 kW and above. After this, the TOD system will be implemented for all other consumers except agricultural consumers from April 1, 2025. However, this system will be applicable for customers with smart meters only when they get such meters installed.
Charges for different times
Instead of paying electricity bills at the same rate throughout the day, consumers will pay different charges for electricity at different times of the day. In this way, they will be able to save electricity bills easily by managing their electricity consumption. Apart from this, the central government has also simplified the rules for smart electricity meters. In this, the existing penalty has been provided for increasing the consumer’s demand beyond the maximum approved load to avoid inconvenience and harassment of consumers.
Consumers can take advantage
Union Power Minister RK Singh said that TOD is a beneficial deal for the power system along with consumers. It includes different tariffs for peak hours, solar hours and normal hours. Consumers can reduce their electricity bills by being aware of the TOD tariff and using it effectively.
