Rate Regulation
/ˈreɪt ˌrɛɡjəˈleɪʃən/
Definitions
- (n.) The legal control or setting of prices, fees, or interest rates by a governmental or regulatory authority to protect public interest and ensure fairness.
The utility company is subject to rate regulation to prevent excessive charges to consumers.
Forms
- rate regulation
Related terms
See also
Commentary
Often involves agencies setting maximum permissible rates rather than abolishing rates entirely; relevant in utilities, insurance, and financial sectors.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.