Consider the following statements:1.Time-of-Day (ToD) tariff is a pricing mechanism that encourages consumers to use electricity during peak hours by offering lower rates during those times.2.ToD tariffs are commonly used in smart grid systems or advanced metering infrastructure, where consumers have smart meters that can record electricity usage in real-time.3. ToD pricing makes billing more complicated.Which of the statements given above is/are correct?

Q. Consider the following statements:
1.Time-of-Day (ToD) tariff is a pricing mechanism that encourages consumers to use electricity during peak hours by offering lower rates during those times.
2.ToD tariffs are commonly used in smart grid systems or advanced metering infrastructure, where consumers have smart meters that can record electricity usage in real-time.
3. ToD pricing makes billing more complicated.
Which of the statements given above is/are correct?

[A] 1 and 2 only

[B] 2 only

[C] 2 and 3 only

[D] 1 2 and 3

Answer: C

Notes:

Explanation –

Statement 1 is incorrect. Under a ToD tariff, electricity rates are typically higher during peak demand periods when electricity consumption is at its highest, and lower during off-peak periods when demand is lower.

Statement 2 and 3 are correct. ToD tariffs are commonly used in smart grid systems or advanced metering infrastructure, where consumers have smart meters that can record electricity usage in real-time. ToD pricing makes billing more complicated.

Source: ForumIAS

The Last Webinar on Mains 2024 | Session by Mr. Ayush Sinha