Which term is defined as the price charged per unit for delivering utility service?

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Multiple Choice

Which term is defined as the price charged per unit for delivering utility service?

Explanation:
In utility billing, the price charged for each unit of service delivered is called the rate. It’s the unit price that you multiply by your usage (for example, per kilowatt-hour of electricity or per therm of gas) to determine your charge. For instance, if the rate is $0.15 per kWh and you use 500 kWh, your charge before taxes is $75. The other terms describe different ideas: arrears means money owed after a due date, reconciliation is adjusting charges to match actual usage, and therm usage refers to the amount of energy used, not the price per unit. So the rate best fits the definition.

In utility billing, the price charged for each unit of service delivered is called the rate. It’s the unit price that you multiply by your usage (for example, per kilowatt-hour of electricity or per therm of gas) to determine your charge. For instance, if the rate is $0.15 per kWh and you use 500 kWh, your charge before taxes is $75. The other terms describe different ideas: arrears means money owed after a due date, reconciliation is adjusting charges to match actual usage, and therm usage refers to the amount of energy used, not the price per unit. So the rate best fits the definition.

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