Learn how utility functions derive demand functions and their role in maximizing consumer satisfaction and economic decision making.

This article has been updated with additional comment from the Public Utility Commission of Texas. NBC 5 Responds to a consumer fighting a more than $500 electric bill, he says, doesn’t belong to him.

A utility function measures a consumer’s preference and satisfaction with different goods or services. As part of rational choice theory, it helps economists analyze how consumers make decisions to ...

COLUMBIA, S.C. (FOX Carolina) - The South Carolina Department of Consumer Affairs (SCDCA) and the Office of Regulatory Staff (ORS) is partnering with South Carolina utilities to warn consumers about ...

Electricity shut offs soared 80% in Maryland last year, according to a utility watchdog group that says terminations of consumers’ electric and gas service for nonpayment has turned into a national ...

The PUC giveth and the PUC can taketh away. Following a hefty, and welcome, rate reduction last December that cut natural gas prices for residential customers of UGI Utilities Inc. by 20%, the utility ...

SYRACUSE, N.Y. — A state-funded independent advocacy group designed to represent consumers in utility rate disputes is closer to becoming a reality in New York. Despite previous vetoes by two ...

LANSING, MI – Consumers Energy wants to raise electric rates by $436 million, its largest ask in at least 20 years. The for-profit utility, Michigan’s second-largest power provider, kicked off the ...

HOUSTON — Additional funds are now available for Texans who need help paying their utility bills. Texas Utility Help received an additional $48 million in federal money to help support those who need ...