rate relief

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 its 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.
References in periodicals archive ?
This can be applied for in addition to eligible rate relief schemes.
The extension of this scheme together with the others that provide rate relief will boost businesses across Wales and encourage growth.
Rate relief is to be extended into 2015/16 THE Welsh Government has confirmed the Small Business Rate Relief Scheme will be extended for the next financial year 2015-16.
Mr Gyimah announced that he has asked the Department for Communities and Local Government to write to English councils urging them to offer business rate relief to nurseries and pledging that the Government will meet 50% of the costs to councils as a result.
Finance Minister Simon Hamilton MLA today encouraged businesses to make use of the Empty Retail Premises Rate Relief Scheme, introduced to help revitalise local towns and cities.
Under business rate relief policies, a large number of companies whose premises have a rental value under PS50,000 a year would get up to PS1,000 off their annual tax bill.
THE Small Business Rate Relief Scheme will be extended in Wales until March 2015, the First Minister Carwyn Jones announced yesterday.
Municipal Light & Power (ML&P) filed for rate relief with the Regulatory Commission of Alaska in September.
BUSINESSES and councils have joined forces to support the continuation of the Small Business Rate Relief Scheme.
Ministers should also strongly lobby UK Government to retain the small business rate relief scheme beyond March, 2013.
BUSINESS leaders across Coventry and Warwickshire have welcomed the government's pledge to help make small business rate relief automatic.
20 /PRNewswire/ -- The Ameren Illinois Utilities (AmerenCIPS, AmerenCILCO, AmerenIP) today announced that an electric rate relief program now is providing assistance up to $5,000 to individual non-profit and other qualified organizations that have experienced financial hardships due to the higher cost of electricity.