In a recent exchange with Toby Considine, we discussed TE spot market definitions. As a follow-up, I wanted to share with the community Resilient Energy's concise definition for a spot market:
The spot market is a real-time market for immediate power production and consumption. All sellers post spot tenders at any price and quantity. The market sets a spot price based on sell tenders and immediate demand.
- Horia Pop
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Horia Pop
Public View
West Coxsackie NY
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