LRAIC definition
LRAIC means long run average incremental cost, defined as the difference in the operator’s total costs with and without the service supplied, divided by the total output of the service in question;
LRAIC means Long Run Average Incremental Costs;
Examples of LRAIC in a sentence
The consultant in compiling the 2017 IBS engaged in a review and analysis of the data related to cost-based rates and stated that the second benchmark average is based on the subset of Post 2012 Sub-Sample jurisdictions that have cost-based interconnection rates (i.e. Pure LRIC, LRAIC or some other cost standard).