Variable Peak Pricing

{
  "id": "MLC-T-ENV-029524",
  "term": "Variable Peak Pricing",
  "field": "Environment",
  "definition": "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.",
  "abbreviation": "VPP",
  "references": [
    "DOE Federal Smart Grid Initiatives Glossary"
  ],
  "url": "https://mlchart.com/terminology/environment/variable-peak-pricing/"
}