If power tariff is lowered during off-peak hours, do you think the problem of load-shedding for household consumption can be solved to some extent? Use the concept of elasticity of demand.

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Solution

Power (electricity) is put to several uses by the households. It involves the use of several appliances. Some appliances (like washing machines, dish-washer) can be used during off-peak hours if the households have to pay lower tariff. Accordingly , it is expected that the peak - hour demand would reduce in response to high tariff rates. As a result, load-shedding is expected to reduce.

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I: Rural and semi-urban areas in the country have been suffering due to load-shedding for quite some time.

II: If the Government is not able to overcome the power crisis, load-shedding will be extended even to the urban areas.

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