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TeachMeFinance.com - explain Spot price Spot price The term 'Spot price' as it applies to the area of energy can be defined as ' The price for a one-time open market transaction for near-term delivery of a specific quantity of product at a specific location where the commodity is purchased LDQUO;on the spotRDQUO; at current market rates. See also spot market terms associated with specific energy types'. Previous 5 Terms: SPOT Spot commodity Spot market Spot market (natural gas) Spot market (uranium) Next 5 Terms: Spot price Spot purchases SPOTNIL Spotting SPP 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.