Peak-load pricing

Peak-load pricing is practice of charging a higher price for the same product or service when the demand for it approaches the physical limit of the capacity to produce that product or service.

Definitions

According to Cost Accounting by Horngren, Datar, Rajan (14th edition),

Peak-load pricing. Practice of charging a higher price for the same product or service when the demand for it approaches the physical limit of the capacity to produce that product or service.