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 ?

Rural affairs minister Lesley Griffiths said the new grant scheme, which starts in April, will give Welsh hydro developers more support than elsewhere in the UK The non-domestic rate relief scheme for community schemes is part of the 2018-19 budget agreement with Plaid Cymru.

Rates relief for hydro HYDRO [...]

Steve Double said many properties in Cornwall get registered as being for business use to enjoy the "benefits" of small business rate relief.

Holiday home council tax plea; BRITAIN TODAY

FINANCE Secretary Mark Drakeford has announced a permanent small business rate relief scheme will be introduced in Wales from next April.

Business rate relief scheme announced

APERMANENT small business rate relief scheme will be introduced in Wales from next April, Finance Secretary Mark Drakeford has confirmed The scheme will limit the number of properties eligible for small business rate relief to two per business in each local authority, preventing larger businesses and national chains from benefiting from the scheme.

Small business rate relief scheme will help local firms - Drakeford

Finance Secretary Mark Drakeford today announced a permanent small business rate relief scheme will be introduced in Wales from 1 April 2018.

United Kingdom : Finance Secretary announces new permanent small business rate relief scheme for Wales

This can be applied for in addition to eligible rate relief schemes.

Rate relief offers to help new businesses

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.

MINISTER: GIVE OUR NURSERIES RATES SUPPORT

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.

TAN SALONS COULD PAY HIGHER TAXES

THE Small Business Rate Relief Scheme will be extended in Wales until March 2015, the First Minister Carwyn Jones announced yesterday.

Small business rate relief scheme extended to 2015

Municipal Light & Power (ML&P) filed for rate relief with the Regulatory Commission of Alaska in September.

ML&P

Ministers should also strongly lobby UK Government to retain the small business rate relief scheme beyond March, 2013.

Review into devolution of business rates; roundUP

BUSINESS leaders across Coventry and Warwickshire have welcomed the government's pledge to help make small business rate relief automatic.