Quote Originally Posted by Beagle View Post
For example if a company adds 25% to a $100 power bill to make it $125 (by virtue of higher unit or daily rates) and then offers a 20% discount for prompt payment to get back to $100, what remains for those that can't afford to pay the bill on time is a 25% penalty for late payment. From memory with the draft review there's about 11% of households, (which in itself is a very sad statistic) that don't pay the bill on time.
In reality isn't that what all 'prompt payment' discounts are - a penalty if you don't pay on time?
Companies like it because it sounds nicer than a 'penalty'.