Definition of Ratemaking authority

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TeachMeFinance.com - explain Ratemaking authority



Ratemaking authority

The term 'Ratemaking authority' as it applies to the area of energy can be defined as ' A utility commission's legal authority to fix, modify, approve, or disapprove rates as determined by the powers given the commission by a State or Federal legislature'.

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About the author

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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