Define: Alternative Tariff

Alternative Tariff
Alternative Tariff
What is the dictionary definition of Alternative Tariff?
Dictionary Definition of Alternative Tariff

Alternative Tariff:

An alternative tariff refers to a different pricing structure or rate plan offered by a service provider, typically in the context of utilities or telecommunications. It provides customers with an alternative option to the standard tariff, allowing them to choose a plan that better suits their specific needs and preferences. The alternative tariff may offer different rates, discounts, or additional services, aiming to provide flexibility and cost-effectiveness for consumers. It enables customers to customize their usage and payment plans, potentially resulting in savings or enhanced benefits compared to the standard tariff. The availability of alternative tariffs promotes competition among service providers and empowers consumers to make informed decisions based on their individual requirements.

Full Definition Of Alternative Tariff

An alternative tariff is a pricing option offered by a utility company as an alternative to the standard tariff. It may be available to certain customers who meet specific criteria, such as low-income households or those using renewable energy sources. The alternative tariff may offer discounted rates or other benefits to eligible customers. It is important for customers to carefully review the terms and conditions of the alternative tariff to understand the eligibility requirements and any potential limitations or restrictions.

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This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 29th March 2024.

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