What is a residential rate class?
According to the U.S. Energy Information Administration (EIA), your electric utility uses rate classes to categorize customers into classes of service, used to determine rates for electric service. For more specific information, read this info regarding the criteria that utilities nationwide use to individually categorize customers. The EIA also states that a utility may have a basic rate for residential service, often identified as “RS” on your bill, as well as residential rates that apply to residential customers with electric water heaters, solar water heaters, and other distinctions. • If you are a customer of JCPL, read the information regarding JCPL’s residential rate classes. • If you are a customer of PSEG, read the information regarding PSEG’s residential rate classes (Residential rate class information begins on page 79 in the preceeding link).
Related Questions
- How do assessors distinguish between applying the residential class or the undeveloped class when dealing with smaller parcels of vacant land?
- Does this legislative package end rate skewing for business customers, forcing residential customers to pay more?
- Why just one flat rate for residential properties?
