As the concept of Smart Grid utility is yet to stabilize, it has different connotations to different users at different times. The differences generally are with regard to the quantity of accruing benefits of this new technology and the priority it deserves. As of now the concept of Smart Grid provides merely the basic structure that envisages new ideas and innovative systems of efficacious power generation and delivery.

The archaic system of energy system and delivery devised a century ago will not be compatible with the new concept because it was designed to suit a centralized and controlled business mechanism with remotely located generation plants in less prohibitive environmental checks to support overbuild and accommodate load growth. Presently however far more radical and challenging strategies are called for to ensure reliable operations taking care of low voltage, un-expected fluctuations & outages, harmonic disturbances and host of social and political issues. This has become necessary as the consumers are increasingly becoming sensitive to their rights and expectations especially in the context of fast paced economic scenario.

Representative APR 391%. Average APR for this type of loans is 391%. Let's say you want to borrow $100 for two week. Lender can charge you $15 for borrowing $100 for two weeks. You will need to return $115 to the lender at the end of 2 weeks. The cost of the $100 loan is a $15 finance charge and an annual percentage rate of 391 percent. If you decide to roll over the loan for another two weeks, lender can charge you another $15. If you roll-over the loan three times, the finance charge would climb to $60 to borrow the $100.

Implications of Non-payment: Some lenders in our network may automatically roll over your existing loan for another two weeks if you don't pay back the loan on time. Fees for renewing the loan range from lender to lender. Most of the time these fees equal the fees you paid to get the initial payday loan. We ask lenders in our network to follow legal and ethical collection practices set by industry associations and government agencies. Non-payment of a payday loan might negatively effect your credit history.

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