Buying electricity off the freewheeling grid at one quarter 'til the hour for delivery on the hour illustrates:

Question

Quizplus · Accepted Answer

Buying electricity off the freewheeling grid at one quarter 'til the hour for delivery on the hour is an example of spot market transactions, where transactions are made on the spot with immediate delivery or for delivery within a short period of time. It is not a relational contract with distributors, vertical requirements contract, or a variable price agreement as it involves immediate transactions with the market without any prior agreements or fixed prices.

Buying Electricity Off the Freewheeling Grid at One Quarter 'Til