Definition: Variable Peak Pricing

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Variable Peak Pricing

Variable Peak Pricing (VPP) is a hybrid of time-of-use and real-time pricing where the different periods for pricing are defined in advance (e.g., on-peak=6 hours for summer weekday afternoon; off-peak= all other hours in the summer months), but the price established for the on-peak period varies by utility and market conditions.[1]




Related Terms
real-time pricing
References
  1. https://www.smartgrid.gov/category/technology/variable_peak_pricing

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