Abstract
Electricity tariff setting is a primary instrument of economic regulation. Tariff provides economic signals, which determine the volume and nature of the demand and supply of power. It is not surprising therefore that a considerable portion of the power sector reform effort is expended on rationalizing tariffs. Through this paper we aim to discuss the potential for alternative ways of charging for electricity and providing concessions to improve the affordability of essential electricity use, facilitate the equitable, efficient and full recovery of the cost of supplying electricity and provide clear information to consumers regarding the impact of their electricity use. Many of the existing tariff elements have been formulated over the years as a result of available technology. In reviewing the electricity tariff structures it is therefore important to consider some of the developments in technology particularly with respect to metering which may facilitate a greater variety in tariff structures now or in the future. Keywords: tariff, availability based tariff (ABT), unscheduled interchange (UI), time-of-use tariff (ToU), critical peak pricing (CPP), real-time pricing (RTP), feed-in tariff (FiT), dynamic pricing, smart metering.
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