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    TOD related to tariff stands for:
    Question

    TOD related to tariff stands for:

    A.

    Tariff of Distribution

    B.

    Tariff of Day

    C.

    Time of Day

    D.

    Time of Distribution

    Correct option is C

    · Time of Day (TOD) tariff refers to a pricing strategy used by utility companies where the cost of electricity varies based on the time of day.
    · Under this scheme, electricity prices are higher during peak demand periods and lower during off-peak times.
    · This encourages consumers to use electricity during off-peak hours, helping to balance demand and reduce the strain on the power grid.

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