Modelling Time-of-Use Electricity Tariffs for Tamil Nadu
India's pursuit of climate targets, including net-zero emissions by 2070, hinges on integrating renewable energy. The power sector's heavy reliance on fossil fuels necessitates a significant shift towards renewables. With a rising demand for electricity, effective demand-side management strategies are vital to ensure grid stability. Time-of-use (ToU) tariffs, recognized globally, play a crucial role in this strategy, offering a more accurate reflection of electricity costs compared to flat rates. This report focuses on evaluating the impact of various ToU tariff designs on grid management parameters for Tamil Nadu in 2024. The objective is to assess how static ToU tariffs prompt consumers to shift or reduce electricity usage, facilitating greater renewable energy integration. The study considers 27 ToU tariff designs, assuming 17% wind energy and 11% solar energy. Notably, findings are specific to Tamil Nadu's energy demand pattern, peaking in early afternoon hours in April...