Definition of Time-of-day rate

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TeachMeFinance.com - explain Time-of-day rate



Time-of-day rate

The term 'Time-of-day rate' as it applies to the area of energy can be defined as ' The rate charged by an electric utility for service to various classes of customers. The rate reflects the different costs of providing the service at different times of the day'.

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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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