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Spot Market

For short-term contractual commitments.

Definition by FERC

Source: 1

The natural gas market for contractual commitments that are short term (usually a month or less) and that begin in the near future (often the next day, or within days).

In electricity, spot markets are usually organized markets for day-ahead and real-time electricity run by an independent system operator or regional transmission organization.

Last modified: 2025-12-02

Related: market · wholesale-markets · real-time-energy-market

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