Register

Newsletter Terminology Practice Test

Access More Questions
Which term is the price or charge per unit that a utility service provider sets for delivery of service or commodity (e.g., per kWh or per therm)?
Correct Answer:
rate
Explanation:
When you think about what a utility charges for delivering energy, the price assigned to each unit of service is the rate. It’s the amount you pay for one unit, such as per kilowatt-hour of electricity or per therm of gas. The total bill comes from multiplying this rate by the number of units you used. Budget billing is about smoothing payments over time, not the per-unit price. Arrears means overdue money. Therm usage refers to the amount of energy consumed, not the price itself. So the rate is the term that describes the price per unit.

Access more questions from this quiz

Continue to Newsletter Terminology Practice Test for more practice questions and the full quiz experience.

Access More Questions