What is Generation Rate?

            The generation rate refers to the cost per unit of electricity produced by a power generation company. It represents the price of generating electricity before it is delivered to consumers. The generation rate is determined by market competition and is not regulated by the Public Utility Commission, meaning it can vary depending on the agreement between the consumer and their chosen electric supplier. This charge reflects the production cost of electricity and fluctuates based on factors like fuel prices, demand, and supplier contracts. 

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