New tariff rule to allow up to 20 % saving in power bills for usage during solar hours
Press Trust of India
New Delhi
Electricity consumers across the country will soon be able to save up to 20 per cent in power bills by planning usage during solar hours or day time as the government is set to implement 'time of the day' tariff.
The 'time of the day' (ToD) tariff provides for varying rates during different time of the day and it will allow consumers to avoid electricity usage for washing clothes, cooking and other purposes during peak hours when power rates are higher.
Consumers can now schedule their works like washing or cooking during off-peak hours (daytime or solar hours) when tariff is lower.
ToD tariff would be applicable for commercial and industrial consumers, having demand of 10 KW and above, from 1st April, 2024.
For all other categories of consumers except agricultural, the new rule will be applicable from 1st April, 2025. For those with smart meters, ToD tariff will be effective immediately after installation of such meters.