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TeachMeFinance.com - explain Bilateral electricity contract Bilateral electricity contract The term 'Bilateral electricity contract' as it applies to the area of energy can be defined as ' A direct contract between an electric power producer and either a user or broker outside of a centralized power pool or power exchange'. Previous 5 Terms: Biennial Bi-fuel vehicle bifurcation bight Bilateral agreement Next 5 Terms: Bilateral trade agreement Bill Emerson Good Samaritan Act of 1996 Billing period Billow Cloud Biltmore stick About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.