regulated rate
/ˈrɛɡyəleɪtɪd reɪt/ · reg·u·lat·ed rate
noun
- A predetermined price or cost, especially for a public utility or service, set by a regulatory body. The city council approved a new regulated rate for electricity consumption.
noun
- A rate or speed that is controlled or limited, often by law or regulation. The company's regulated rate for data transmission was significantly lower than its competitors.
noun
- A standard or benchmark rate, used as a reference point for comparison or calculation. The financial analyst used the regulated rate to calculate the company's return on investment.
Did you know? The concept of regulated rates dates back to the 19th century, when governments began to establish standards for public utilities to ensure fair competition and protect consumers.