PRICE-CAP REGULATION
\pɹˈa͡ɪskˈap ɹˌɛɡjuːlˈe͡ɪʃən], \pɹˈaɪskˈap ɹˌɛɡjuːlˈeɪʃən], \p_ɹ_ˈaɪ_s_k_ˈa_p ɹ_ˌɛ_ɡ_j_uː_l_ˈeɪ_ʃ_ə_n]\
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The maximum permissible price that is determined by regulation. Originally implemented in the UK, it was used to set the maximum price of private network utilities. Various factors such as the inflation rate, CPI, etc are taken into account when the price-cap is determined.
By Henry Campbell Black
Word of the day
clock-watching
- paying excessive attention to the clock (in anticipation of stopping work)