Market-based pricing

{
  "id": "MLC-T-ENE-001265",
  "term": "Market-based pricing",
  "field": "Energy",
  "definition": "Prices of electric power or other forms of energy determined in an open market system of supply and demand under which prices are set solely by agreement as to what buyers will pay and sellers will accept. Such prices could recover less or more than full costs, depending upon what the buyers and sellers see as their relevant opportunities and risks.",
  "subject": "Electricity",
  "references": [
    "EIA Glossary"
  ],
  "url": "https://mlchart.com/terminology/energy/market-based-pricing/"
}