Warning
Info
Warning
Info
Simple English definitions for legal terms
meter rate
Read a random definition: arrestatio
A quick definition of meter rate:
Term: Meter Rate
Definition: A meter rate is the amount of money a utility company charges for the amount of electricity or other utility service used. The meter rate is based on the number of kilowatt-hours used, which is measured by the utility company's meter. This means that the more electricity you use, the higher your meter rate will be.
A more thorough explanation:
Definition: Meter rate is the amount of money charged by a utility company for the amount of service used, as determined by a meter. For example, the meter rate for electricity is based on the number of kilowatt-hours used.
Example: If the meter rate for electricity is $0.10 per kilowatt-hour, and a household uses 500 kilowatt-hours in a month, the electricity bill would be $50.
Explanation: The example shows how the meter rate is used to calculate the cost of a utility service. In this case, the meter measures the amount of electricity used, and the meter rate is applied to determine the cost. The more electricity used, the higher the bill will be.