Peak-load pricing

Peak-load pricing,

Definition of Peak-load pricing:

  1. A pricing system in which customers or passengers using a utility or service at a time of peak load are charged more than those using it off-peak.

  2. Charging the highest possible prices in accordance with the rising demand for a service with few competitive peers. Often used by electricity companies during the summer, to capture the highest load of demand at the highest prices for the highest profit.

Meaning of Peak-load pricing & Peak-load pricing Definition