3 ms·
Most US rates are typically fixed with yearly rate regulation cycles -- my rate in North Carolina ($0.11/kWh iirc) was determined at the beginning of last year
by t3rabytes 5y ago
Most US rates are typically fixed with yearly rate regulation cycles -- my rate in North Carolina ($0.11/kWh iirc) was determined at the beginning of last year by the state energy regulatory agency (the power company fills out this extensive application saying "this is what we want to charge and why" and typically it's like a 50-100% increase, and the state says "hell no")