1.   There is both a spot market and a forward market in most currencies.

2.   Already, lower prices on the spot market are leading to pressure on gas producers to renegotiations contracts.

3.   And an hour-by-hour spot market sets the ultimate price for power.

4.   And other states were never so reliant on the spot market.

5.   AngloGold of South Africa, another supporter of hedging, indicated earlier this month that it, too, would make more use of the spot market.

6.   As a result, it may seek additional supply in the spot market.

7.   As the frigid temperatures persisted into January and February, though, they had to augment their supplies with purchases from the spot market.

8.   At one end would be the generating companies, which would compete to sell power on a spot market, much like a commodities exchange.

9.   Bank Indonesia sale of dollars for rupiah in the spot market fueled a brief rally.

10.   But even on peak consumption days, Arizona utilities can usually cobble together a few megawatts to sell on the spot market.