What is dpf charges in eb?

Fixed Charges for 2 months. FAQ Guide lines Bill Calculator Login QuickPay. Customers billed on the Cg2 or. CC Charges Current Consumption Charges. The eventual resultant number shows the number of units consumed for calculating energy charges under the new tariff.

1. Opt-in by giving a missed call on ‘8448290058 2. Download Bajaj Finserv Wallet application 3. Walk into your nearest participating DPF Product Finance store 4. Select the product you want to purchase 5. Submit a copy of your KYC documents and a cancelled cheque to our in-store representative 6. Bring home all your favourite products on easy EMIs

Note: Customer will be eligible for cashback reward post repaying the first 2 EMIs of the loan as per the repayment schedule

1. Definitions

Following words shall for the purpose of these terms and conditions, be defined to mean as below:

'BFL'  refers to Bajaj Finance Limited.

'Customer ' means an Indian citizen, who avails a loan for Digital Products from BFL in the Urban Markets (as specified below) during the Offer Period.

'DPF Product Finance Stores ' shall means those stores which are listed in Annexure – I hereto.

'Offer Period' shall mean the period commencing from 6th October 2019 to 4th November 2019.

'Products' shall mean Smartphones, Laptops, Tablets, Smartwatches, Printers, LED sold at DPF Product Finance Stores in the Urban Markets (as specified below) during the Offer Period.

'Promotion' shall mean the "Diwali Digital Promo" promotional program offered by BFL for its Customers during the Offer Period.

'Reward' refers to reward offered to the Winner(s) under the applicable Scheme.

'Urban Markets' shall mean the locations listed in the Annexure-I hereto.

'Scheme' shall mean the various promotional schemes as stated in clause 4 of these terms and conditions.

'Website' means BFL’s website at the following URL https://www.bajajfinserv.in/finance/

'Winner' means a Customer who has been declared as a winner by BFL under this Promotion.

2. Eligibility: This Campaign is valid for only such Customer who: i. have purchased Products at DPF Product Stores on loan from Bajaj Finance Ltd and ii. who have given a missed call on and, iii. have downloaded Bajaj Finserv Wallet application

3. To participate in this Promotion and to avail the benefits/Rewards under any of the Schemes, the Customer should mandatorily avail a loan from BFL for purchasing select product (s) from the participating DPF Product Finance Stores in the Urban Markets during the Offer Period.

4. As part of the Promotion, the Winner will be the participating Customer who has successfully met all the criteria specified by BFL and shall be eligible for rewards in the manner as stated below:

5. In the event Customer purchases two or more products in a single day under the Promotion, the aggregate loan amount availed by such Customer from BFL during the Offer Period, shall be considered while selecting the Winner and/or calculating the loan value availed.

6. A Customer can qualify only once for the Schemes listed under the Promotion during such Offer Period. For the avoidance of doubt, it is hereby clarified that a Winner will be eligible for only one Reward during the Offer Period.

7. This Promotion is available only in select cities of India i.e. listed in Annexure I and is valid only for Indian citizens. This Promotion is not applicable in places wherever prohibited and / or on gifts / services for which such offers cannot be made available for any reason whatsoever.

8. The Scheme and the Rewards are available at the sole discretion of BFL and subject to changes/discontinuance as deemed fit by BFL, without any prior notice.

9. Participating in this Promotion is voluntary and the Customer is not bound to participate in this Promotion. There is no compensation for non-participation in the Promotion under any circumstances whatsoever.

10. This Promotion cannot be combined with any other offer/discount/promotion of BFL, including but not limited to the EMI Card offers available at the merchant and/or dealer outlets.

11. Images of the products or Reward shown on email, BFL’s website or any other advertisement material whatsoever, are for representational purpose only. Notwithstanding anything contained in the Promotion or these terms and conditions, any images, representations etc. and all intellectual property rights pertaining thereto which belong to any third party, shall continue to vest with such party and by using such images, representations etc., BFL in no way claims any right whatsoever relating to such intellectual property.

12. The Winners shall receive their Reward only upon payment of the two (2) successful equated monthly instalments (EMI) without bounce, payable to BFL for the loan availed under the Promotion.

13. In case of default in the payment of either of the first two EMI or cancellation/refund of the qualifying loan transaction, the Winner shall no longer be eligible for the Reward under the Promotion.

14. Where the Winner has provided any incorrect information at the time of registration for the Promotion and/or at the time of collecting his/her Reward, then his/her selection is subject to cancellation without notice, at the sole discretion of BFL.

15. All applicable taxes, fees and levies (excluding ‘gift’ tax or tax deducted at source, where applicable) will need to be solely paid by the Winner(s) and proof of other documents, as required, will need to be necessarily produced before taking possession of the Reward (s).

16. The tax deducted at source in respect of the Reward, where applicable, shall be paid by BFL.

17. This Promotion is a special offer for Customers only and nothing contained herein shall prejudice or affect the terms and conditions of the EMI Card and/or Customer loan agreements. These terms and conditions shall be in addition to and not in derogation to the terms and conditions prescribed by BFL for the loan and/or EMI Card.

18. Nothing herein amounts as a commitment by BFL to provide further or similar schemes or offers.

19. BFL is not a supplier/manufacturer/issuer of the products purchased by Customer or the Rewards provided to the Winners under this Promotion and will not accept any liability in relation thereto. Accordingly, BFL shall not be responsible for the quality, merchantability or the fitness for any purpose or any other aspect of the products or Rewards provided by third parties.

20. Notwithstanding anything herein, BFL shall not at any time be responsible or held liable for any loss, injury, damage or harm suffered by or in connection with the products or Rewards provided by third parties.

21. Disputes, if any, regarding the products/services under the Promotion must be addressed in writing, by the Customers directly to the Participating Store and BFL shall not entertain any communication in this regard.

22. BFL's decision on all matters relating to the Promotion/Scheme will be at its absolute discretion and will be final and binding on all participants.

23. BFL reserves the right to revise these terms, modify or withdraw this Promotion at any time without prior notice or reason. These terms and conditions prevail over the contents of any brochure or other promotional material advertising the Promotion.

24. BFL, its group entities/ affiliates or their respective directors, officers, employees, agents, vendors, etc., shall not be liable for any loss or damage whatsoever that may be suffered, or for any personal injury that may be suffered by a Customer, directly or indirectly, including for reasons arising out of use or non-use of products/ services/Rewards or participation under this Promotion.

25. BFL shall not be liable for termination or delay of the Promotion or the Rewards forming part of the Promotion due to any force majeure event and will not be liable for any consequences.

26. The Promotion is not transferable, non-negotiable and cannot be encashed under any circumstances.

27. These terms and conditions shall be governed by the laws of India. All disputes if any arising out of or in conjunction with or as a result of this Promotion or otherwise relating hereto shall be subject to the exclusive jurisdiction of the competent courts in Pune, Maharashtra only. The existence of a dispute, if any, shall not constitute a claim against BFL.

28. This Promotion is subject to laws, rules and regulations as may be applicable in any jurisdiction in India, from time to time, and accordingly in places where not permissible shall be deemed as not applicable.

29. The Customers agree to be bound by the terms and conditions contained herein. Without a Customer being required to do any further act, the Customer shall be deemed to have read, understood and unconditionally accepted the terms and conditions herein.

(List of Cities and Digital Product Finance Stores covered under Urban Market)

Once we understand why and what are being charged in our electric bills, we can identify ways to lower our monthly bills. This article explains what each item is in the electricity bills and how they are calculated by the utility company. I will show a few examples of electric bills with some basic calculations on electricity charges, KWTBB, GST and other surcharges that can be avoided.

There are generally two broad categories of charges

Electricity usage - It included two (2) items in users’ bill:-

(i)           Energy charge i.e. the amount you pay for electricity usage (kWh),

and

(ii)         Demand charge i.e. the amount you pay for maximum demand (kW) recorded in a month

Take the following example, an office building is under tariff C1 where kWh rate is RM0.365/kWh and maximum demand (MD) rate is RM30.30/kW. This means for every unit of electricity it uses, the user pays 36.5 cents, at the same time the user pays RM30.30 for each unit of maximum demand recorded during the month. (red box)

What is maximum demand or demand charge?

In layman term, demand charge is imposed by the utility company for use of its capacities. Capacities are the provision of generation plants, transmission and distribution of power system. Because the utility company spends millions of ringgits each year on those new assets to ensure reliable and secure supply of power to users at all times, therefore users (usually large power users) must pay for the use of those capacities. Domestic and small commercial users do not pay for demand charges as their uses of capacity are negligible.

How is demand charge calculated?

Maximum demand (MD) is the highest level of electricity demand recorded by TNB meter during a 30-minute interval in a month. The amount charged to a user is based on the recorded MD in kilowatt (kW) multiplied by the respective MD rate. Take the above for example, the amount payable by the user with 2,358.41kW of MD is RM 71,459.82 (2,358.41kW x RM30.30/kW). As we can see, the demand charge consists of a significant portion (23.7% in this case) of total electricity usages. Avoiding MD charge is not possible however it can be lowered. One common way to reduce MD is to run power intensive systems in stages, avoiding power up those systems within a short period of time can help mitigate the spike in maximum demand.

Note: There is MD management software available in the market that enables users to actively managing the use of energy. This software is not energy saving devices per se, but act as tools to help users to gain visibility of their energy usages so that they can find ways to improve energy efficiency.

Who pays for demand charges?

Electricity users who are under high & medium voltage include tariff C1, C2, E1, E2, E3. Domestic and low voltage users are excluded (tariff A, B & D). Tariff code can be found on your monthly electricity bill.

Non-electricity charges include ICPT, GST, KWTBB and other surcharges.

ICPT – The ICPT is a mechanism approved by the Government and implemented by Energy Commission since 1 January 2014 as part of a wider regulatory reform called the Incentive-Based Regulation (IBR). The ICPT mechanism allows the national utility - TNB to reflect changes in fuel and generation costs in consumer’s electricity tariff every six (6) months. You can read my previous article to find out more about ICPT.

KWTBB/RE fund– renewable energy fund is a surcharge to all users (except very low-income households). This surcharge effectively means all electricity users subsidising renewable energy producers at premium prices. The calculation of KWTBB is 1.6% of users’ total electricity usages which are the total of energy charge + demand charges (excluding all surcharges). In other words, the more electricity you use, the more you will contribute your money to subsidise towards the RE funds. Meanwile, Good and Service Tax (GST) is also calculated based on the total electricity usages including ICPT. Lowering energy and demand charges in your bills will impact the amount you contribute to not only the RE fund but also GST.

Take the previous example, to calculate the amount of RE fund contribution, multiply the sum of energy charge and demand charge by 1.6% i.e. (RM229,227.67 + RM71,459.82) X 1.6% = RM4,811.00.

To calculate the GST, simply multiply the sum of energy charge, demand charge and ICPT rebate by 6% i.e. (RM229,227.67 + RM71,459.82 – RM9,545.92) X 6% = RM17,468.49.

There are other non-electricity surcharges like power factor surcharge, Connected Load Charge (Caj Sambungan Beban) as discuss later in this article.

Power Factor Surcharge

A Power factor surcharge is imposed when your power factor is less than 0.85. Simply put, low power factor means the inefficient use of energy.

Power factor surcharge is calculated as follows:-

1.5% surcharge on the current bill – for every 0.01 less than 0.85 power factor and 3% surcharge on the current bill – for every 0.01 less than 0.75 power factor.

In the following example, a low voltage commercial user had a PF of 0.75 in a given month.

The formula for calculating PF surcharge is:-

X (RM 87 + RM 2,174.45) X 1.5% = RM 339.22

Note if the PF goes lower than 0.75, the penalty will be calculated based on 3% as stated.

Why is there PF surcharge?

The utility company supplies not only “Active power” (kWh) to the users but also what is called “Reactive power” (kVAr). Low Power Factor is generally caused by facilities with large fans and motors and equipment with a high number of transformers which requires high reactive power (KVAR). Facilities with low power factor cause the utiltiy company to increase its generation and transmission capacity in order to handle this extra demand. Money spent by the utility company will be recovered in the form of penalty/surcharge from those who cause the issues. Low power factor issue can be easily resolved by installing the right size of capacitors by a qualified electrical contractor.

Connected Load Charge (CLC)

CLC is applicable when the actual Maximum Demand (MD) recorded in any month is less than 75% of the declared maximum demand for the first 6 years of a new facility. It is imposed based on the shortfall between the 75% of the declared maximum demand and maximum demand recorded in a month. A penalty of RM8.50/kW will be charged for every kW shortfall between the actual Maximum Demand used compared to the Reference Maximum Demand (RMD) and it’s calculated monthly.

The method of determining Reference Maximum Demand for calculating CLC are as follows:

Note: CLC is applicable when MD recorded < Reference MD.

The below example shows a facility with a declared MD of 4,130 kW in its 3rd year of operation.

In the 3rd year, RMD is 75% X 75% X 4,130 = 2,323.13 kW

For this particular month, the actual MD was 1,943 kW, hence the shortfall was

2,323.13 – 1,943 = 380.13 kW, therefore CLC surcharge of that month was

380.13 X RM8.50 = RM 3,231.10

Bear in mind that this facility will continue to pay for CLC surcharges until the 6th year and the charges will increase from 4th year onwards due to increased in RMD.