There are several inherent problems that the power sector of India is suffering from. Some of the chief concerns regarding it, and how Gram Power aims to tackle it is below:
- Arriving at the optimal fuel mix - The model that Gram Power aims to perfect is going to target each of the above problems. Through their smart meters they can monitor the cost of power realtime, thereby varying prices for different sources of power such as thermal, solar, wind etc.
- Problems with the Cooperative model - The facilities they provide allow the end consumers to monitor the nature of their power consumption. Everything from the amount of power for respective appliances to amount of power consumed and money left can be monitored through the prepaid service. This leads to a variety of benefits, such as allowing people more control over their expenditure, and it results in a more efficient power distribution with incentive for the consumers to reduce power wastage.
- Power theft - Power theft which is a major issue in India, is being addressed through the infrastructure they have put in place. The meters are capable of power theft in the network and identify the critical areas where this happens. This helps in curbing the theft of power, thereby increasing profitability for the firms.
- Optimal distribution models - With real time data for each consumer, the resultant patterns can be identified from the collected data. This provides valuable insights into the power consumption patterns and allows the company to expand, consolidate and grow in a more sustainable manner, generating value for all the stakeholders involved.
Energy is a precursor to societal development. All sorts of indispensable amenities are dependent on electricity. There are rural places in India, where mobile phones are abundant yet electricity is lacking. And the local community has developed their own unique solutions for them. There are places where the community bands together and assigns a person to collect all their mobile phones and take it to the nearby villages which has electricity to get them charged. This appointed person do so against a fee. Thus without affordable electricity, media and communication channels become impossible to obtain. To develop, these amenities need to be provided, a social revolution cannot be achieved unless all of these people can reach them, influence them, and propel them towards the future. Energy is the great enabler, and with the prepaid model, these people can allocate their money to access the facilities in a much more efficient way.
Thus energy availability is a direct indicator of social growth. And the Gram Power team is working towards making energy ubiquitous among the folks through their alternative business model.
In India, due to surging energy consumption CO2 emissions are on the rise sharply, and the power sector is greatly accountable for this. Moreover, air and water pollution are also aggravating.