Problem Statement:

Tarrif Indicator

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Detail:

The product idea recommends having the electric meter display of "power consumption in terms of money" (Rs) rather than power units (Kilowatt Hour), and having a "prepaid system" of paying for power units. This way, at any point in the month, the balance amount shown will influence the future consumption or repurchase of more units as needed. This scheme has its benefits. First, since the meter reading for electricity consumption is in terms of money, anyone can understand and plan for future months and usage patterns. Second, for the power company, collection of power tariff by deploying the prepaid SIM card style functionality is easier. It allows the ability to cut off power supply based on balance amount in card and restoration of electric supply after the card is renewed.Apart from electricity meters, this concept can be used for any universal public utility, ranging from gas to water to telecommunications.

Knowledge Provider / Innovator: Shri G. Sathish Kumar
Address: S/o. R. Gopala Krishnan,  59, G/4, Arumugam North Second Street, Kamarajapuram North Zone,  Tirumangalam
City: Madurai 
State: TamilNadu
PIN Code 625706

Link: It allows the ability to cut off power supply based on balance amount in card and restoration of electric supply after the card is renewed.Apart from electricity meters, this concept can be used for any universal public utility, ranging from gas to water to telecommunications.
Problem Scale: Mild