Time-of-day metering on way, will cut power bills
In a year or two, power tariff could guide your daily chores such as when you decide to do the laundry or run heavy appliances. You can also actually reduce your monthly energy bill by feeding electricity from your rooftop solar project into the grid when you are not home or are not running any appliance.
The government on Wednesday laid the groundwork for the consumer-friendly regime by refreshing the power tariff policy, which binds regulators to a roadmap for 24X7 supply, incentivizes green energy and removes grounds for litigations and land issues for attracting investments.
The revamped policy indicates a clear-headed approach which takes into account ground realities and makes provisions for states to set the pace within the given timelines as well as strike a balance between growth and environment.
There are several takeaways for consumers by way of ‘time of day’ metering, net (two-way) metering and reduced cost of power from expanded capacity to be constructed on land already available with the existing power plants.
The ‘time-of-day’ metering would entail off-peak rates that would allow consumers flexibility to manage their energy bills better. Net metering would allow consumers with rooftop solar projects to feed into the grid.
“Consumers would become producers,” power minister Piyush Goyal said while giving details of the government’s decisions.