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Rate Relief

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Rate Relief
The ability of a price controlled company to increase the prices that it charges customers. Companies in some industries thought to be necessary for consumers, notably utilities, may be allowed to charge only certain prices, which may or may not give them a profit. If the prices are resulting in a loss, a company may apply to the government for rate relief. If rate relief is granted, it can cause a significant increase in it stock price.

rate relief
An action taken to allow a regulated company, such as a utility, to charge higher rates (that is, the prices it charges its customers) so that it can generate greater revenues. Public utilities frequently seek rate relief by filing a request for rate increases with public regulatory bodies. The utility's success in obtaining rate relief has a very heavy impact on the value of its shares.


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Manufacturing businesses in Kirklees are being reminded that the deadline for applications for the Kirklees Business Rate Relief initiative is 4pm on Friday, October 2.
About pounds 10,000 of that has been set aside to support rate relief applications.
Byline: Andrew Nichol THE abolition of rate relief on vacant properties at the start of the downturn last year could not have come at a worse time for commercial landlords.
 
 
 
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