I live in India and here we face a lot of problems when it
comes to electricity like load shedding, high electricity charges in
metropolitan societies and the electricity bills differ as per the states and
areas which makes some people less charges compared to others from other cities
where the former’s consumption must be more than later.
Due to the above reasons by introducing a subscription model,
this will make it possible for people to as per a pay-as-you-go model as
follows:
a. This service enables users to pay for their electricity consumption based on a subscription model. Users now face load shedding issues and pay higher charges for the consumption based on the area and many times end up paying for electricity even when they don’t use it while this new service enables users to pay only for the electricity they use.
b. This is not a monthly, weekly or daily plan but is a
unit-based plan wherein a user pays for a plan which is available in units
wherein a user can choose from 10-unit plan to 100 to 1000+ based on his
consumption and requirement. It will be a prepaid plan as opposed to a postpaid
plan (which he can choose as per his preference) and he will have an app that
gets updated every minute and lets him know how many units have been consumed
and how many are left in his plan just like our internet data plan.
c. Internet plans are data-based or unlimited and don’t have
proper signal in some areas while streaming services are country-based (certain
movies are available only in specific regions) and all services don’t offer
proper sharing services while the electricity subscription plan doesn’t have
any such restrictions and is available in every area/region based on the same
pricing plan while taxes applicable would differ. There is also a sharing model
wherein users can share their units with other users and the same service could
be used by multiple users at the same time without having any device-based
restrictions.
The electricity-based subscription service would have the
following features:
i. Subscription plan: Household
plan:10, 100, 1000, 1001+ units (each extra unit would come with a base charge
of Rs. 5) . Commercial plan: 1000, 10000, 20000 units…(each extra unit would
come with a base charge of Rs. 10)
ii. Connections: Users could
choose to install the services at more than one place and the user would only
need to pay a one-time fee for installation and can then use units as per his
need by selecting his houses.
iii. Start/Stop/Pause: After
purchasing the plan, the user can choose to start his plan and his electricity
supply would start and he would get notifications via email/sms or via an app
based on his preference. Similarly, he could choose to pause and stop his
electricity supply.
iv. Sharing: The use could choose
to share with multiple users and given an option to do so wherein he can choose
at first to share with a particular number of users and then edit or delete the
users. He can choose to give the users access to his units either to view them
or use them or borrow them or keep them private. All the units can be used
simultaneously.
v. Marketplace: There would be an
option wherein a user can either choose to buy units from this service (Rs.
5/unit) or from individual users at a lower price and they can even choose to
sell their units at a lower price than what the service offers. The buy/sell
orders will not be subject to any trading fee but cannot be sold via external
sources.
vi. Buyback: The service can buy
back the units purchased by the user at a fixed rate lower/higher than the
market in bulk.
vii. Donate: A user can even
donate his units to under-privileged or charity organizations who can get
electricity for free from this service. He can also donate his units to other
users.
viii. Complaint box: Any
complaint regarding the services or plan consumptions or misuse of the units
can be registered with this option and immediate responses would be given.
ix. Discounts/Vouchers: Electricity
vouchers can be also purchased and if a user purchases above 10000 units for
his household at one time in the form of vouchers or via a plan, he can avail
discounts.
The above features will be available without any network or
coverage issues and would work as follows:
A user would buy a subscription of, for example, 1000 units.
He starts the service and his electricity supply is switched ON. He pauses it
when he is asleep or to check his consumption and when he chooses to stop, his
supply gets shut down and no more units are consumed. For each option he would
have to enter a 2FA code to prevent misuse. He chooses to share 100 units with
user A, 200 units with user B and chose to donate 50 units to charity. He can
see how many units are being consumed by other users whom he has shared units
with and he can choose to take back any unconsumed units at any time. He can
also sell the unconsumed units in the marketplace.
Inspiration:
I have lived in an area that has rare power cuts while now I
am temporarily living in an area that has frequent power cuts. I have noticed
that compared to the former place in the same state, I am paying more in the
current area for each unit of electricity. I also pay a fixed monthly rental
fee even though I don’t use any in the previous house which is unfair and when
I am travelling, I don’t use any electricity at home and hence I thought of a
subscription model that lets me per as per my use.
The consumers would love to have a subscription model for
electricity and share units with their family members and even buy/sell units
in the marketplace and all at the same price without having to pay any fixed
monthly rental. Especially in India where the charges are heavy for electricity
and many areas suffer from load-shedding like Navi Mumbai, Bangalore and so on,
this subscription model would be a relief for all the residents.