What is a reverse auction? Reverse Auctions are now the premiere method of energy procurement for businesses and government entities alike, and our Reverse Auctions are the most technologically advanced and customer-centric in the world. Here’s how one of our Reverse Auction works in four easy steps:
Log In and Get Ready For The Bidding War
Log in to your online reverse auction right before it begins. Your dedicated analyst and account executive will guide you through the entire auction process and help you discover the best value for your energy procurement. You’ll be provided with insight on the suppliers competing for your business as well as an analysis on the trends in the market to help you make the best decision for your business.
Watch the Real-Time Bids Come In
This is where it gets interesting! Once the Reverse Auction starts, you’ll be able to watch energy rates tumble as Energy suppliers continually bid and counter-bid in an apples-to-apples pricing format. In a matter of minutes, you will gain the opportunity to secure substantial energy savings by locking in the best rate with just a few clicks.
Choose the Rate that Works for You
You'll have your pick of the best rates on the market for any term. We will show you a detailed analysis of each rate so you know what your savings opportunity is compared to your current rate, and how much your energy costs will be reduced over the course of a year.
Save up to 30% on Your Energy Rates
The Reverse Auction will often yield savings of up to 30% on your energy supply bill, and there is no cost or obligation if you’re not ready to move forward after the auction is held. Should you lock-in a rate and request a contract, our in-house contract managers and legal team can walk you through any agreement to ensure a full understanding of the document. Once the chosen supplier’s agreement is signed and submitted, your rate is fully secured and your new rate will begin at its set start-date.
A rep is ready to guide you and get you the best possible rate
No Complicated RFPs