Definition of Block-rate structure

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TeachMeFinance.com - explain Block-rate structure



Block-rate structure

The term 'Block-rate structure' as it applies to the area of energy can be defined as ' An electric rates schedule with a provision for charging a different unit cost for various increasing blocks of demand for energy. A reduced rate may be charged on succeeding blocks'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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