ISGF
Design of Robust Time of Use (ToU) framework for Electricity Tariff in Gujarat and Launch of ToU tool for utilities and regulators by ISGF ANI | Updated: Apr 14, 2021 10:55 IST
New Delhi [India], April 14 (ANI/PRNewswire): Pricing of electricity is one of the key challenges in the efficient functioning of the power sector. Electricity tariffs typically do not reflect the true costs of generation, transmission, and distribution in India.
Knowledge about the demand-price relationship, consumers willingness to pay for electricity, and demand forecasts are necessary to plan the supply and design of tariff structures. An increase in distributed energy resources (DER) such as solar photovoltaic (PV), wind turbines, and electric vehicles (EVs) will result in unanticipated peaks in demand-generation balance leading to huge stress on the power system equipment and networks.