The Postal Regulatory Commission has established new amendments to its rules regarding rate incentives for Market Dominant products. These changes aim to revise the criteria for including rate incentives in the percentage change in rates calculation and clarify what qualifies as a "rate of general applicability." The amendments introduce mechanisms to accommodate rate incentives that depend on increasing mail volumes, aiming to tackle volume decline, while ensuring transparency for non-participating mailers. These new rules will take effect on March 28, 2025.
Simple Explanation
The Postal Regulatory Commission is making new rules about how mail prices can change when there are special deals encouraging people to send more mail. The goal is to help the postal service have more mail sent while being fair and clear to everyone.