Market Structure

The rules, mechanisms, and processes under which a market operates.

Definition by FERC

Source: ¹

The rules, mechanisms, and processes under which a market operates to form prices, provide benefits, and introduce risks to participants, and ultimately end consumers. Structure could enhance or inhibit competition, create just and reasonable outcomes, provide economically efficient incentives, or introduce unintended consequences including adverse market outcomes.

---

Last modified: 2025-06-20

← Market Power · Market Unit →

---

1. FERC (2020). FERC Glossary - Market Assessments. https://www.ferc.gov/industries-data/market-assessments/overview/glossary ↩