Definition of Payment method for utilities

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TeachMeFinance.com - explain Payment method for utilities



Payment method for utilities

The term 'Payment method for utilities' as it applies to the area of energy can be defined as ' The method by which fuel suppliers or utility companies are paid for all electricity, natural gas, fuel oil, kerosene, or liquefied petroleum gas used by a household. Households that pay the utility company directly are classified as 'all paid by household.' Households that pay directly for at least one but not all of their fuels used and that has at least one fuel charge included in the rent were classified as 'some paid, some included in rent.' Households for which all fuels used are included inrent were classified as 'all included in rent.' If the household did not fall into one of these categories, it was classified as 'other.' Examples of households falling into the 'other' category are (1)households for which fuel bills were paid by a social service agency ora relative, and (2) households that paid for some of their fuels used but paid for other fuels through another arrangement'.

Previous 5 Terms:
Payerid
Payline
payload
Payment
Payment limitation
Next 5 Terms:
Payment quantity
Payment Rate
Payment Safeguards
Payment-in-kind (PIK)
Payments in lieu of taxes (PILT)




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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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