{"id":53449,"date":"2026-05-28T10:39:54","date_gmt":"2026-05-28T05:09:54","guid":{"rendered":"https:\/\/plyinsight.com\/?p=53449"},"modified":"2026-05-28T10:39:54","modified_gmt":"2026-05-28T05:09:54","slug":"apart-from-heatwaves-reluctance-to-buy-spot-power-also-causing-power-cuts","status":"publish","type":"post","link":"https:\/\/plyinsight.com\/hi\/apart-from-heatwaves-reluctance-to-buy-spot-power-also-causing-power-cuts\/","title":{"rendered":"\u0939\u0940\u091f\u0935\u0947\u0935 \u0915\u0947 \u0905\u0932\u093e\u0935\u093e \u0939\u093e\u091c\u093f\u0930 \u092c\u093f\u091c\u0932\u0940 \u0916\u0930\u0940\u0926\u0928\u0947 \u092e\u0947\u0902 \u0905\u0930\u0942\u091a\u093f \u092d\u0940 \u092c\u093f\u091c\u0932\u0940 \u0915\u091f\u094c\u0924\u0940 \u0915\u093e \u0915\u093e\u0930\u0923"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><div class=\"vc_row wpb_row\"><div class=\"wpb_column column_container col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p><span style=\"color: #000000;\">\u0917\u094d\u0930\u093f\u0921-\u0907\u0902\u0921\u093f\u092f\u093e \u0915\u0947 \u0906\u0902\u0915\u095c\u0947 \u0928\u0917\u0923\u094d\u092f \u0915\u092e\u0940 \u0926\u093f\u0916\u093e\u0924\u0947 \u0939\u0948\u0902, \u0932\u0947\u0915\u093f\u0928 \u0935\u093e\u0938\u094d\u0924\u0935\u093f\u0915 \u092c\u093f\u091c\u0932\u0940 \u0915\u091f\u094c\u0924\u0940 \u0905\u0932\u0917 \u0915\u0939\u093e\u0928\u0940 \u0915\u0939\u0924\u0940 \u0939\u0948\u0964<\/span><\/p>\n<p><span style=\"color: #000000;\">\u092a\u0930\u094d\u092f\u093e\u092a\u094d\u0924\u0924\u093e \u0915\u093e \u0906\u0915\u0932\u0928 \u0930\u093e\u091c\u094d\u092f \u0938\u094d\u0924\u0930 \u092a\u0930 \u0915\u093f\u092f\u093e \u091c\u093e\u0924\u093e \u0939\u0948 \u0928 \u0915\u093f \u0918\u0930-\u0918\u0930 \u0915\u0947 \u0938\u094d\u0924\u0930 \u092a\u0930\u0964 \u091c\u092c \u092c\u093f\u091c\u0932\u0940 \u0930\u093e\u091c\u094d\u092f \u0915\u0940 \u0938\u0940\u092e\u093e \u0924\u0915 \u092a\u0939\u0941\u0902\u091a\u0924\u0940 \u0939\u0948 \u0924\u094b \u0935\u0939 \u0930\u093e\u091c\u094d\u092f \u0915\u0940 \u091f\u094d\u0930\u093e\u0902\u0938\u092e\u093f\u0936\u0928 \u092f\u0942\u091f\u093f\u0932\u093f\u091f\u0940 \u0914\u0930 \u092b\u093f\u0930 \u0921\u093f\u0938\u094d\u0915\u0949\u092e\u094d\u0938 \u0938\u0947 \u0939\u094b\u0915\u0930 \u0909\u092a\u092d\u094b\u0915\u094d\u0924\u093e\u0913\u0902 \u0924\u0915 \u091c\u093e\u0924\u0940 \u0939\u0948\u0964 \u0938\u093f\u0938\u094d\u091f\u092e \u0935\u0939\u093e\u0902 \u092a\u0930\u094d\u092f\u093e\u092a\u094d\u0924 \u0926\u093f\u0916 \u0938\u0915\u0924\u093e \u0939\u0948, \u0932\u0947\u0915\u093f\u0928 \u092f\u0939 \u0909\u092a\u092d\u094b\u0915\u094d\u0924\u093e\u0913\u0902 \u0915\u094b \u091d\u0947\u0932\u0928\u0940 \u092a\u095c \u0930\u0939\u0940 \u0935\u093e\u0938\u094d\u0924\u0935\u093f\u0915 \u0915\u092e\u0940 \u0915\u094b \u0928\u0939\u0940\u0902 \u0926\u0930\u094d\u0936\u093e\u0924\u093e\u0964<\/span><\/p>\n<p><span style=\"color: #000000;\">\u092c\u093f\u091c\u0932\u0940 \u0915\u091f\u094c\u0924\u0940 \u0915\u0940 \u0915\u0908 \u0935\u091c\u0939 \u0939\u0948\u0902\u0964 \u092a\u0941\u0930\u093e\u0928\u0940 \u0935\u093f\u0924\u0930\u0923 \u0935\u094d\u092f\u0935\u0938\u094d\u0925\u093e, \u0939\u093e\u091c\u093f\u0930 \u092e\u093e\u0930\u094d\u0915\u0947\u091f \u092e\u0947\u0902 \u090a\u0902\u091a\u0947 \u092c\u093f\u091c\u0932\u0940 \u0926\u093e\u092e, \u091f\u094d\u0930\u093e\u0902\u0938\u092e\u093f\u0936\u0928 \u0915\u0940 \u092c\u093e\u0927\u093e\u090f\u0902 \u0914\u0930 \u0924\u093e\u092a \u092c\u093f\u091c\u0932\u0940 \u0918\u0930\u094b\u0902 \u092a\u0930 \u0926\u092c\u093e\u0935\u0964 \u0915\u0908 \u0935\u093f\u0924\u0930\u0923 \u0915\u0902\u092a\u0928\u093f\u092f\u094b\u0902 (\u0921\u093f\u0938\u094d\u0915\u0949\u092e\u094d\u0938) \u0915\u093e \u092a\u0941\u0930\u093e\u0928\u093e \u0922\u093e\u0902\u091a\u093e \u090a\u0902\u091a\u0947 \u0924\u093e\u092a\u092e\u093e\u0928 \u0914\u0930 \u091a\u0930\u092e \u092e\u093e\u0902\u0917 \u0915\u094b \u090f\u0915 \u0938\u093e\u0925 \u0938\u0902\u092d\u093e\u0932 \u0928\u0939\u0940\u0902 \u092a\u093e\u0924\u093e\u0964<\/span><\/p>\n<p><span style=\"color: #000000;\">\u0936\u093e\u092f\u0926 \u0938\u092c\u0938\u0947 \u092c\u095c\u0940 \u0938\u092e\u0938\u094d\u092f\u093e \u0938\u094d\u0925\u093e\u0928\u0940\u092f \u0917\u094d\u0930\u093f\u0921 \u0938\u094d\u0924\u0930 \u092a\u0930 \u0939\u0948\u0964 \u0915\u0908 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0949\u0930\u094d\u092e\u0930, \u092b\u0940\u0921\u0930 \u0914\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092e\u093f\u0936\u0928 \u0932\u093e\u0907\u0928\u0947\u0902 \u092a\u0941\u0930\u093e\u0928\u0940 \u0914\u0930 \u0905\u0924\u094d\u092f\u0927\u093f\u0915 \u0932\u0926\u0940 \u0939\u0941\u0908 \u0939\u0948\u0902\u0964 \u0939\u0940\u091f\u0935\u0947\u0935 \u0914\u0930 \u0917\u0930\u094d\u092e\u093f\u092f\u094b\u0902 \u0915\u0940 \u091a\u0930\u092e \u092e\u093e\u0902\u0917 \u0915\u0947 \u0926\u094c\u0930\u093e\u0928 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0949\u0930\u094d\u092e\u0930 \u092b\u0947\u0932 \u0939\u094b \u091c\u093e\u0924\u0947 \u0939\u0948\u0902 \u0914\u0930 \u092b\u0940\u0921\u0930 \u091f\u094d\u0930\u093f\u092a \u0915\u0930 \u091c\u093e\u0924\u0947 \u0939\u0948\u0902\u0964 \u0907\u0938\u0938\u0947 \u0938\u094d\u0925\u093e\u0928\u0940\u092f \u092c\u093f\u091c\u0932\u0940 \u0915\u091f\u094c\u0924\u0940 \u0939\u094b\u0924\u0940 \u0939\u0948 \u092d\u0932\u0947 \u0939\u0940 \u0938\u093f\u0938\u094d\u091f\u092e \u092e\u0947\u0902 \u092c\u093f\u091c\u0932\u0940 \u0909\u092a\u0932\u092c\u094d\u0927 \u0939\u094b\u0964<\/span><\/p>\n<p><span style=\"color: #000000;\">\u0907\u0938\u0915\u0947 \u0905\u0932\u093e\u0935\u093e, \u0928\u0935\u0940\u0915\u0930\u0923\u0940\u092f \u090a\u0930\u094d\u091c\u093e \u0915\u0940 \u0909\u092a\u0932\u092c\u094d\u0927\u0924\u093e \u0915\u0947 \u0906\u0927\u093e\u0930 \u092a\u0930 \u0924\u093e\u092a \u092c\u093f\u091c\u0932\u0940 \u0918\u0930\u094b\u0902 \u0915\u094b \u092c\u093f\u091c\u0932\u0940 \u0906\u092a\u0942\u0930\u094d\u0924\u093f \u092c\u095d\u093e\u0928\u0947-\u0918\u091f\u093e\u0928\u0947 \u0915\u093e \u0926\u092c\u093e\u0935 \u092d\u0940 \u091c\u092c\u0930\u0928 \u092c\u093f\u091c\u0932\u0940 \u0915\u091f\u094c\u0924\u0940 \u0915\u093e \u0915\u093e\u0930\u0923 \u092c\u0928 \u0930\u0939\u093e \u0939\u0948\u0964<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong><a href=\"https:\/\/www.ristallam.com\/contact-us.html\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-43807\" src=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2024\/07\/Ristal-Lam-Final-2.gif\" alt=\"\" width=\"1404\" height=\"158\" \/><\/a><\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>What is Spot Power?<\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\">\u0939\u093e\u091c\u093f\u0930 \u092c\u093f\u091c\u0932\u0940 (Spot Power \u092f\u093e Real-Time Power) \u0935\u0939 \u092c\u093f\u091c\u0932\u0940 \u0939\u0948 \u091c\u093f\u0938\u0947 \u0924\u0924\u094d\u0915\u093e\u0932 \u0921\u093f\u0932\u0940\u0935\u0930\u0940 \u0915\u0947 \u0932\u093f\u090f \u0939\u093e\u091c\u093f\u0930 \u092c\u093e\u091c\u093e\u0930 (Spot Market) \u092e\u0947\u0902 \u0916\u0930\u0940\u0926\u093e \u092f\u093e \u092c\u0947\u091a\u093e \u091c\u093e\u0924\u093e \u0939\u0948\u0964 \u092f\u0939 \u0932\u0902\u092c\u0940 \u0905\u0935\u0927\u093f \u0915\u0947 \u0905\u0928\u0941\u092c\u0902\u0927\u094b\u0902 (Power Purchase Agreements) \u0915\u0947 \u0935\u093f\u092a\u0930\u0940\u0924 \u0939\u094b\u0924\u0940 \u0939\u0948\u0964 \u0907\u0938\u092e\u0947\u0902 \u092c\u093f\u091c\u0932\u0940 \u0915\u0940 \u0916\u0930\u0940\u0926-\u092b\u0930\u094b\u0916\u094d\u0924 \u0915\u0941\u091b \u0939\u0940 \u092e\u093f\u0928\u091f\u094b\u0902 \u0938\u0947 \u0932\u0947\u0915\u0930 \u0905\u0927\u093f\u0915\u0924\u092e \u0905\u0917\u0932\u0947 \u0926\u093f\u0928 (Day-Ahead) \u0915\u0947 \u0932\u093f\u090f \u0939\u094b\u0924\u0940 \u0939\u0948\u0964<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>\u0939\u093e\u091c\u093f\u0930 \u092c\u093f\u091c\u0932\u0940 \u0915\u0948\u0938\u0947 \u0915\u093e\u092e \u0915\u0930\u0924\u0940 \u0939\u0948?<\/strong><\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>\u0924\u0924\u094d\u0915\u093e\u0932 \u0938\u094c\u0926\u093e\u0903<\/strong> \u0907\u0938\u092e\u0947\u0902 \u092c\u093f\u091c\u0932\u0940 \u090f\u0915\u094d\u0938\u091a\u0947\u0902\u091c\u094b\u0902 (\u091c\u0948\u0938\u0947 \u0907\u0902\u0921\u093f\u092f\u0928 \u090f\u0928\u0930\u094d\u091c\u0940 \u090f\u0915\u094d\u0938\u091a\u0947\u0902\u091c - IEX) \u092a\u0930 \u0916\u0930\u0940\u0926\u093e\u0930 \u0914\u0930 \u0935\u093f\u0915\u094d\u0930\u0947\u0924\u093e \u0935\u093e\u0938\u094d\u0924\u0935\u093f\u0915 \u0938\u092e\u092f (Real-Time) \u0915\u0940 \u0915\u0940\u092e\u0924\u094b\u0902 \u092a\u0930 \u092c\u094b\u0932\u0940 \u0932\u0917\u093e\u0924\u0947 \u0939\u0948\u0902\u0964<\/span><\/li>\n<li><span style=\"color: #000000;\"><strong>\u0938\u092e\u092f-\u0938\u0940\u092e\u093e\u0903<\/strong> \u092f\u0939 \u0906\u092e \u0924\u094c\u0930 \u092a\u0930 15-\u092e\u093f\u0928\u091f \u0915\u0947 \u092c\u094d\u0932\u0949\u0915 \u092e\u0947\u0902 \u091f\u094d\u0930\u0947\u0921 \u0939\u094b\u0924\u0940 \u0939\u0948\u0964<\/span><\/li>\n<li><span style=\"color: #000000;\"><strong>\u092e\u093e\u0902\u0917 \u0914\u0930 \u0906\u092a\u0942\u0930\u094d\u0924\u093f\u0903<\/strong> \u092f\u0926\u093f \u0915\u093f\u0938\u0940 \u0915\u094d\u0937\u0947\u0924\u094d\u0930 \u092e\u0947\u0902 \u092c\u093f\u091c\u0932\u0940 \u0915\u0940 \u092e\u093e\u0902\u0917 \u0905\u091a\u093e\u0928\u0915 \u092c\u095d \u091c\u093e\u0924\u0940 \u0939\u0948, \u0924\u094b \u0939\u093e\u091c\u093f\u0930 \u092c\u093f\u091c\u0932\u0940 \u0915\u0940 \u0915\u0940\u092e\u0924 \u092c\u095d \u091c\u093e\u0924\u0940 \u0939\u0948\u0964 \u0935\u0939\u0940\u0902, \u0938\u094c\u0930 \u090a\u0930\u094d\u091c\u093e \u091c\u0948\u0938\u0947 \u0928\u0935\u0940\u0915\u0930\u0923\u0940\u092f \u0938\u094d\u0930\u094b\u0924\u094b\u0902 \u0915\u0947 \u0909\u0924\u094d\u092a\u093e\u0926\u0928 \u0915\u0947 \u0938\u092e\u092f \u0915\u0940\u092e\u0924\u0947\u0902 \u0915\u093e\u092b\u0940 \u0917\u093f\u0930 \u091c\u093e\u0924\u0940 \u0939\u0948\u0902\u0964<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\">\u0928\u093f\u091c\u0940 \u092f\u093e \u0930\u093e\u091c\u094d\u092f \u0938\u0930\u0915\u093e\u0930\u0940 \u092c\u093f\u091c\u0932\u0940 \u0935\u093f\u0924\u0930\u0923 \u0915\u0902\u092a\u0928\u093f\u092f\u093e\u0902  Discoms \u091c\u092c \u0905\u092a\u0928\u0947 \u0930\u093e\u091c\u094d\u092f \u092e\u0947\u0902 \u092e\u093e\u0902\u0917 \u092a\u0942\u0930\u0940 \u0928\u0939\u0940\u0902 \u0915\u0930 \u092a\u093e\u0924\u0940, \u0924\u094b \u0939\u093e\u091c\u093f\u0930 \u092c\u093e\u091c\u093e\u0930 \u0938\u0947 \u092c\u093f\u091c\u0932\u0940 \u0916\u0930\u0940\u0926\u0924\u0940 \u0939\u0948\u0902\u0964<\/span><\/p>\n<p><span style=\"color: #000000;\">\u092d\u0932\u0947 \u0939\u0940 \u0921\u093f\u0938\u094d\u0915\u0949\u092e\u094d\u0938 \u0905\u0927\u093f\u0915 \u092e\u093e\u0902\u0917 \u0915\u093e \u092a\u0942\u0930\u094d\u0935\u093e\u0928\u0941\u092e\u093e\u0928 \u0932\u0917\u093e\u0924\u0940 \u0939\u0948\u0902 \u0932\u0947\u0915\u093f\u0928 \u0915\u0908 \u092e\u093e\u092e\u0932\u094b\u0902 \u092e\u0947\u0902 \u0935\u0947 \u092e\u0939\u0902\u0917\u0940 \u0939\u093e\u091c\u093f\u0930 \u092c\u093f\u091c\u0932\u0940 \u0916\u0930\u0940\u0926\u0928\u0947 \u0915\u0947 \u092c\u091c\u093e\u092f \u0932\u094b\u0921 \u0936\u0947\u0921\u093f\u0902\u0917 \u0915\u093e \u0938\u0939\u093e\u0930\u093e \u0932\u0947 \u0932\u0947\u0924\u0940 \u0939\u0948\u0902\u0964<\/span><\/p>\n<p><span style=\"color: #000000;\">\u0939\u093e\u0932\u093e\u0902\u0915\u093f \u0907\u0938\u0947 \u0917\u0948\u0930 \u0915\u093e\u0928\u0942\u0928\u0940 \u0928\u0939\u0940\u0902 \u0920\u0939\u0930\u093e\u092f\u093e \u091c\u093e \u0938\u0915\u0924\u093e, \u0932\u0947\u0915\u093f\u0928 \u0909\u092a\u092d\u094b\u0915\u094d\u0924\u093e \u0915\u094b \u092c\u093f\u091c\u0932\u0940 \u0915\u091f\u094c\u0924\u0940 \u0915\u0940 \u092a\u0930\u0947\u0936\u093e\u0928\u0940 \u0924\u094b \u091d\u0947\u0932\u0928\u0940 \u0939\u0940 \u092a\u095c\u0924\u0940 \u0939\u0948\u0902\u0964<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"color: #ff0000;\"><strong>\u00a0<\/strong><strong>\ud83d\udc47 Please Note\u00a0<\/strong><strong>\ud83d\udc47<\/strong><\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"color: #ff0000;\"><strong>Thank you for reading our 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News&#8221;<\/strong><\/span><\/a><\/p>\n<hr \/>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><div class=\"vc_row wpb_row\"><div class=\"wpb_column column_container col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div  class=\"wpb_single_image wpb_content_element vc_align_center wpb_content_element\">\n\t\t\n\t\t<figure class=\"wpb_wrapper vc_figure\">\n\t\t\t<a href=\"https:\/\/plyinsight.com\/hi\/placement-wanted\/\" target=\"_blank\" class=\"vc_single_image-wrapper   vc_box_border_grey\"><img loading=\"lazy\" decoding=\"async\" width=\"1433\" height=\"303\" src=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2022\/12\/Placement-Wanted.jpg\" class=\"vc_single_image-img attachment-full\" alt=\"\" title=\"Placement Wanted\" srcset=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2022\/12\/Placement-Wanted.jpg 1433w, https:\/\/plyinsight.com\/wp-content\/uploads\/2022\/12\/Placement-Wanted-300x63.jpg 300w, https:\/\/plyinsight.com\/wp-content\/uploads\/2022\/12\/Placement-Wanted-1024x217.jpg 1024w, https:\/\/plyinsight.com\/wp-content\/uploads\/2022\/12\/Placement-Wanted-768x162.jpg 768w, https:\/\/plyinsight.com\/wp-content\/uploads\/2022\/12\/Placement-Wanted-18x4.jpg 18w, https:\/\/plyinsight.com\/wp-content\/uploads\/2022\/12\/Placement-Wanted-600x127.jpg 600w\" sizes=\"auto, (max-width: 1433px) 100vw, 1433px\" \/><\/a>\n\t\t<\/figure>\n\t<\/div>\n<\/div><\/div><\/div><\/div><div class=\"vc_row wpb_row\"><div class=\"wpb_column column_container col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_raw_code wpb_raw_html wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<html>\n<head>\n<\/head>\n<body>\n  <marquee behavior=\"scrolling\" direction=\"left\" scrollamount=\"3\" seamless>\n    <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2022\/10\/Logos-2.png\" width=\"800\" height=\"600\" alt=\"Natural\" \/>\n <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2022\/10\/Logos-2.png\" width=\"800\" height=\"600\" alt=\"Natural\" \/>\n  <\/marquee>\n<\/body>\n<\/html>\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"Grid-India\u2019s data shows only a marginal power shortage, but the actual ground reality of power cuts tells a different story. Power adequacy is assessed at the state level, not at the household level. Once electricity reaches the state boundary, it passes through the state transmission utility and then through DISCOMs before reaching consumers. The system [...]","protected":false},"author":1,"featured_media":53450,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10625],"tags":[12575,12577,12585,12584,12573,12574,12580,12578,12583,12581,12570,12579,12576,12572,12582,12571],"class_list":["post-53449","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-economy","tag-discom-power-crisis","tag-electricity-blackouts-india","tag-energy-crisis-in-india","tag-grid-failure-risk-india","tag-heatwave-power-crisis","tag-india-electricity-demand","tag-india-power-infrastructure","tag-indian-energy-exchange-iex","tag-load-shedding-in-india","tag-overloaded-transformers-india","tag-power-cuts-in-india","tag-power-distribution-companies","tag-power-shortage-in-india","tag-real-time-power-trading","tag-renewable-energy-grid-pressure","tag-spot-power-market-india"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Apart from Heatwaves, Reluctance to Buy Spot Power Also Causing Power Cuts - PLY INSIGHT<\/title>\n<meta name=\"description\" content=\"Spot Power (Spot Power or Real-Time Power) refers to electricity that is bought or sold in the spot market for immediate delivery. 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