Definition of Time-of-day lock-out or limit

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TeachMeFinance.com - explain Time-of-day lock-out or limit



Time-of-day lock-out or limit

The term 'Time-of-day lock-out or limit' as it applies to the area of energy can be defined as ' A special electric rate feature under which electricity usage is prohibited or restricted to a reduced level at fixed times of the day in return for are duction in the price per kilowatt hour'.

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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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