Power Division multi tariff plan for industrial users under review
The Power Division is reviewing a multi tariff plan for industrial users. This multi tariff plan will offer flexible electricity rates at different times. It aims to improve efficiency and reduce pressure on the power system.
Officials said industries can select rates under a time-of-use system. In addition, fixed charges will depend on maximum demand. This method will help businesses manage energy costs better.
Flexible Pricing and Energy Savings
The plan will encourage industries to shift usage to off-peak hours. As a result, peak demand on the grid may decline. This change can improve system stability.
Moreover, lower peak demand will reduce pressure on the energy network. It can also improve overall efficiency. Therefore, industries may see long-term cost benefits.
Officials expect cheaper off-peak electricity to boost production. In addition, it may improve competitiveness in global markets. This step can support industrial growth.
Stakeholder Consultation Process
The Power Division will consult stakeholders before final approval. For example, officials will engage industries and chambers of commerce. This step will ensure balanced decision-making.
An online consultation session will take place on March 26. Participants will share feedback on the proposal. As a result, authorities can refine the plan.
Officials believe these reforms will support economic growth. In addition, the system will promote energy conservation. Therefore, the multi tariff plan may benefit both industry and the power sector.
