Bill Shock definition

Bill Shock means an event in which a consumer receives an unexpectedly high bill, in the case of a post-paid services; or experience unexpected credit depletion, in the case of pre- paid services.
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Examples of Bill Shock in a sentence

  • Consumer Action Bill Shock Comments at 3-4; Consumers Union Bill Shock Comments at 4-6; Mass.

  • Altschul, at 185-86.158 FCC Workshop, Bill Shock and Cramming (Apr.

  • This Act may be cited as the ‘‘Cell Phone Bill Shock Act of 2010’’.SEC.

  • Both consumer surplus and industry revenue will decrease for light users and increase for heavy users.Complementary theoretical work by Grubb (2013) shows that the welfare effects of Bill Shock regulation are ambiguous.

  • We then allow mobile network operators to readjust their prices in response to Bill Shock regulation; and, after finding the new price equilibrium, we measure how consumer surplus and firm profitwould change after the price adjustment.Assuming no price adjustment, we estimate that mobile network operators would lose $650 million per month, or 33 percent of the industry revenue-from Bill Shock regulation.

  • Acision Bill Shock Comments at 1 (no major technological or other differences that would prevent wireless providers from implementing usage alerts); Bridgewater Bill Shock Comments at 1 (introduction of these tools is technically feasible with solutions that are available today) Ericsson Bill Shock Comments at 4 (offers solutions that can generate real-time alerts based on billing or usage criteria).

  • Real-time Rating enables various features such as Cost Prediction, Cost Control or respectively Bill Shock Prevention.

  • AT&T Bill Shock Comments at 2 (smartphone data plan users receive usage alerts); CTIA Bill Shock Comments at 6-7; Sprint Bill Shock Comments at 5 (customers receive a courtesy call the first time they incur substantial overages); Verizon Wireless Bill Shock Comments at 3 (customers that have exceeded or are trending to exceed their monthly allotments by the 20th day of the billing cycle receive a text message).

  • They’re not yet helping consumers consistently, as evidenced by the tens of millions of bill shock victims.3 Since the publication of the Commission’s initial Bill Shock Public Notice,4 significant new research has emerged that further supports Commenters’ position that sensible Commission rules of the type proposed in the NPRM are necessary and appropriate at this time.

  • Consistent with this modeling strategy, we now simulate the effects of the Bill Shock regulation on mobile network operators’ profits and pricing decisions by running the following counterfactual.Under Bill Shock regulation, cell phone companies are required to alert consumers when their usage hit the allowance.

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