Which of the following best describes the role of a Time-of-Day (ToD) Tariff in energy conservation?
1
It applies only to industrial consumers and has no impact on residential users.
2
It eliminates the need for load management by ensuring a constant energy supply.
3
It increases electricity costs uniformly throughout the day, regardless of demand variations
4
It encourages consumers to shift electricity usage to off-peak hours, reducing peak demand and improving grid efficiency.