TeachMeFinance.com - explain Account classification
Account classification The term 'Account classification' as it applies to the area of energy can be defined as ' The way in which suppliers of electricity, natural gas, or fuel oil classify and bill their customers. Commonly used account classifications are 'Residential,' 'Commercial,' 'Industrial,' and 'Other.' Suppliers' definitions of these terms vary from supplier to supplier. In addition, the same customer may be classified differently by each of its energy suppliers'.
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