Definition of Suspended rates

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TeachMeFinance.com - explain Suspended rates



Suspended rates

The term 'Suspended rates' as it applies to the area of energy can be defined as ' New rates that have been accepted for review by a utility commission. When these rates are suspended, they do not go into effect for a designated period of time. Charges under the new rate may be refunded after the resolution of the rate proceeding'.

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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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