Sentence examples for tariff cap from inspiring English sources
Other measures outlined by the CMA on Thursday included the introduction of a price cap for four million customers on pre-payment meters, as well as removing a tariff cap that restricts suppliers to offering four price rates.
Yet the few exceptions to the tariff-cap regime are generally used to protect the most inefficient businesses.
The introduction of the road equivalent tariff, which caps ferry fares at the same rate as bus travel, has been a boon to the Scottish islands.
(Choice of CC tariffs under uncertainty) A (reasonably priced) cost cap tariff may be chosen over a flat rate and a pay-per-use tariff by a risk-neutral consumer in the presence of a sufficiently high demand uncertainty.
A cost cap tariff is a two-part tariff that is a hybrid between a pure pay-per-use tariff (where costs accrue with usage) and a flat rate (where costs are independent of usage).
Notably, offering a cost cap tariff over a pay-per-use tariff increases both consumer's expected utility as well as provider's profits when the level of uncertainty is rather large.
Its tariffs are capped at 10% on average; Brazil's at over 30%.
The cost cap tariff is a pure pay-per-use tariff until the costs reach an upper limit.
(CC choice under certainty) A rational consumer would never choose a cost cap tariff over a flat rate or pay-per-use tariff if he has certainty about his preferences.
We find that cost cap tariffs are an optimal tariff choice only if the level of uncertainty is sufficiently high.
At the time, this pricing was such that the minute price of the cost cap tariff exceeded the common market price for pure pay-per-use tariffs (0.09 €/min) while the cost cap was set at the level of comparable flat rate plans.
