The Indian government has recently introduced a new tariff rule that will allow consumers to save up to 20% on their electricity bills. The new rule, which is called the Time of Day (ToD) tariff, charges different rates for electricity depending on the time of day. During solar hours, when there is a surplus of solar power, the rate will be lower. During peak hours, when demand is high, the rate will be higher.
This new tariff rule is a great way for consumers to save money on their electricity bills. By shifting their energy usage to solar hours, they can take advantage of the lower rates and save a significant amount of money.
For example, let’s say that a typical household in India uses 100 units of electricity per month. Under the old tariff rule, the average monthly bill would be around Rs. 1,000. However, if the household shifted their energy usage to solar hours, they could save up to 20% on their bill, which would bring the average monthly bill down to Rs. 800.
Of course, not everyone will be able to save 20% on their electricity bill. The amount of savings will depend on how much electricity the household uses and how much of their energy usage can be shifted to solar hours. However, even if a household only saves 10% on their bill, that is still a significant amount of money.
The ToD tariff is a great way for consumers to save money on their electricity bills and it is a win-win for everyone. Consumers save money, the environment benefits from the increased use of solar power, and the power grid is more efficient.
In addition to saving money, the ToD tariff can also help to reduce peak demand on the power grid. This is important because peak demand is when the power grid is under the most strain. By shifting some of the energy usage to solar hours, the ToD tariff can help to reduce peak demand and make the power grid more reliable.
The ToD tariff is a new policy, so it is still too early to say how much it will be adopted by consumers. However, the potential savings are significant, so it is likely that many consumers will take advantage of the new rule.
If you are interested in saving money on your electricity bill, you should contact your electricity supplier to see if they offer the ToD tariff. If they do, you can start shifting your energy usage to solar hours and start saving money today.
Here are some tips for saving money on your electricity bill with the ToD tariff:
By following these tips, you can save money on your electricity bill and help to reduce your environmental impact. The ToD tariff is a great way to save money and it is a win-win for everyone.