{
  "$schema": "https://ps-wiki.github.io/schema/v1/term.schema.json",
  "id": "spot-market",
  "title": "Spot Market",
  "description": "For short-term contractual commitments.",
  "language": "en",
  "tags": [
    "market",
    "ferc"
  ],
  "related": [
    "market",
    "wholesale-markets",
    "real-time-energy-market"
  ],
  "breaking": false,
  "dates": {
    "created": "2025-03-15",
    "last_modified": "2025-12-02"
  },
  "authors": [
    {
      "name": "Jinning Wang",
      "url": "https://jinningwang.github.io"
    }
  ],
  "content": {
    "sections": [
      {
        "order": 1,
        "id": "definition-by-ferc",
        "title": "Definition by FERC",
        "type": "definition",
        "source_keys": [
          "ferc2020glossary"
        ],
        "page": null,
        "body_md": "> 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).\n>\n> In electricity, spot markets are usually organized markets for [day-ahead](/wiki/day-ahead-energy-market) and real-time electricity run by an independent system operator or regional transmission organization.\n"
      }
    ]
  }
}