Dynamic pricing, also referred to as surge pricing, demand pricing, or time-based pricing, is a revenue management pricing strategy in which businesses set flexible prices for products or services based on current market demands. It usually entails raising prices during periods of peak demand and lowering prices during periods of low demand.
A changable prices menu at a fast food stand on Emek Refaim Street in Jerusalem
Congestion pricing or congestion charges is a system of surcharging users of public goods that are subject to congestion through excess demand, such as through higher peak charges for use of bus services, electricity, metros, railways, telephones, and road pricing to reduce traffic congestion; airlines and shipping companies may be charged higher fees for slots at airports and through canals at busy times. Advocates claim this pricing strategy regulates demand, making it possible to manage congestion without increasing supply.
Electronic Road Pricing gantry in Singapore, the first place in the world to implement an urban cordon area congestion pricing scheme.
At Old Street, street markings and a sign (inset) with the white-on-red C alert drivers to the congestion charge, London.
Rome's Traffic Limited Zone (ZTL) entry control point with automatic surveillance.
Trängselskatt automatic control point at Ropsten, Stockholm. The sign on the right informs the drivers about the different fees, which vary depending on the time of the day.