PROJECT PROPOSAL ON ASSESSING THE CONSUMER’S WILLINGNESS TO ADOPT PREPAYMENT METERING SYSTEM

  • Type: Project
  • Department: Economics
  • Project ID: ECO0935
  • Access Fee: ₦5,000 ($14)
  • Pages: 9 Pages
  • Format: Microsoft Word
  • Views: 181
  • Report This work

For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853
Background of the Study
Several developed and developing countries have tried to achieve sustainability in their power sectors in recent years. However, due to technical and administrative issues, some countries are confronted with various challenges in achieving sustainability objectives. Management of the continuously increasing demand for electricity has emerged among these issues as one of the major concerns for both developing and developed countries. The increased demand for electricity led to a deficit in supply-demand and led to several related issues (Asif & Muneer, 2007). This has affected the overall output of the electricity sector, especially in the case of developing countries. Literature indicates that the rise in energy demand is mostly attributed to higher household power use and non-technical losses at the end of the consumer (Karanfil & Li, 2015).
In addition to efficient electricity service supply, it is necessary for electricity consumers to precisely allocate energy costs based on actual usage. This is because inadequate metering or unreliable distribution of energy costs can have a major impact on consumer health, especially on low-income consumers. If the utilities overbill the amounts used (e.g. placing the same estimate for the usage of both, which may be at or above the overall average consumption) or appear to overbill the costs (i.e. putting a higher tariff than it is), so the most disadvantaged group would be the one (and most likely the poor) that mostly consume less power but whose energy expenses account for the largest share of electricity (Oseni, 2015).
Countries originally followed the traditional approach and concentrated only on rising power production to manage this growing market and to reduce the supply-demand gap. While the supply-demand gap was substantially reduced by this policy, it resulted in a considerable financial burden, especially for developing countries. The ineffectiveness of the traditional approach has led to the development of a revolutionary strategy focused on the concept of conservation and control of resources. Involving customers in regulating their purchase behavior was the primary goal of this approach. This imaginative approach has both technical and institutional implications. It involves the implementation of smart meters, distributed generation, prepaid metering, net metering, and energy-efficient appliances in the technical sector, while administratively it includes many awareness schemes aimed at informing customers about the related benefits of conservation and management of energy (Qazi et al. 2020).
Prepaid meters provide the potential for demand-side management to minimize electricity usage in residential buildings and thereby act as a way to increase the overall efficiency of the national grid. It provides consumers with direct input on electricity usage, thereby opening up the prospect of regulating electricity consumption by end-users. Many residential buildings run on analog meters in developing countries, leaving consumers no room for data feedback. This ineffective metering scheme discourages the effective use of electricity because users are unable to control their use of energy (Utazi & Obuka, 2014).
Consumers, who report feeling better at controlling household energy consumption after previously suffering 'bill shock' when an unusually high monthly arrears account is received, have received prepayment meters largely well (Anderson, White, & Finney, 2012). Although the environmental and household benefits of minimizing excessive energy usage are evident, low-income customers usually have less discretionary energy use (Colton, 2001), and there are some signs that consumers use prepayment metering to conduct much more extreme energy rationing activities than other low-fuel households (Anderson et al., 2012).

PROJECT PROPOSAL ON ASSESSING THE CONSUMER’S WILLINGNESS TO ADOPT PREPAYMENT METERING SYSTEM
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
  • Type: Project
  • Department: Economics
  • Project ID: ECO0935
  • Access Fee: ₦5,000 ($14)
  • Pages: 9 Pages
  • Format: Microsoft Word
  • Views: 181
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Economics
    Project ID ECO0935
    Fee ₦5,000 ($14)
    No of Pages 9 Pages
    Format Microsoft Word

    Related Works

    Background of the Study Several developed and developing countries have tried to achieve sustainability in their power sectors in recent years. However, due to technical and administrative issues, some countries are confronted with various challenges in achieving sustainability objectives. Management of the continuously increasing demand for... Continue Reading
    This is a project proposal for people who want to involve in piggery.... Continue Reading
    This is a project proposal for people who want to involve in piggery.... Continue Reading
    This is a project proposal for people who want to involve in piggery.... Continue Reading
         TABLE OF CONTENT Table of content Certification Dedication Acknowledgement Abstract CHAPTER ONE Introduction Background of the study Statement of research problem Objectives of the study Statement of research questions Research hypothesis Scope of the study Significance of the study Limitations of the study Definition of terms CHAPTER TWO... Continue Reading
         TABLE OF CONTENT Table of content Certification Dedication Acknowledgement Abstract CHAPTER ONE Introduction Background of the study Statement of research problem Objectives of the study Statement of research questions Research hypothesis Scope of the study Significance of the study Limitations of the study Definition of terms CHAPTER TWO... Continue Reading
    CHAPTER ONE BACKGROUND TO THE STUDY 1.0       INTRODUCTION Right from when man stated to build, he has been compelled to use the locally available materials around him. Building has now become major construction material allover the world has necessitated a critical study of its constituent materials. More so, the present economic crunch... Continue Reading
    ABSTRACT The purpose of this study was to assess project management inefficiencies on organisational performance. There is a higher demand for improved performance of organisations being it profit making or not for profit making organisations. This performance depends largely on effective and efficient implementation of projects in these... Continue Reading
    ABSTRACT The purpose of this study was to assess project management inefficiencies on organisational performance. There is a higher demand for improved performance of organisations being it profit making or not for profit making organisations. This performance depends largely on effective and efficient implementation of projects in these... Continue Reading
    ABSTRACT Water pollution is a serious problem for the entire world. It threatens the health and well being of humans, plants, and animals. As the world became more industrial and smaller due to communications and trade, accidental and purposive hazardous dumping have contributed to the problem of sources of water pollution. All water pollution is... Continue Reading
    Call Us
    Get this work
    whatsappWhatsApp Us