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.
Steve Double said many properties in Cornwall get registered as being for business use to enjoy the "benefits" of small business rate relief.
FINANCE Secretary Mark Drakeford has announced a permanent small business rate relief scheme will be introduced in Wales from next April.
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.
Finance Secretary Mark Drakeford today announced a permanent small business rate relief scheme will be introduced in Wales from 1 April 2018.
This can be applied for in addition to eligible rate relief schemes.
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.
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.
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.