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Bilateral Transaction

A direct contract between a seller and buyer outside of a centralized market.

Definition by FERC

Source: 1

A direct contract between a seller and buyer outside of a centralized market or exchange (e.g. Nymex or an RTO/ISO). In energy markets, the buyer or seller usually finds his or her matching counter-party through a broker (e.g. voice brokers, ICE, etc.).

Last modified: 2025-06-20

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