Definition of Program cost

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TeachMeFinance.com - explain Program cost



Program cost

The term 'Program cost' as it applies to the area of energy can be defined as ' Utility costs that reflect the total cash expenditures for the year, reported in nominal dollars, that flowed out to support DSM (demand-side management) programs. They are reported in the year they are incurred, regardless of when the actual effects occur'.

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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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