Auction Process

Legislatures and the public utility commissions (PUC) of many states have opened competition for electricity supply.

Energy auctions allow several suppliers to bid on a company's energy account. The result: Real savings for Your business.

Smart Energy Brokers energy procurement creates transparency, competition, and efficiency that is second to none. Here’s how it works:

Create the Auction Request

  • Analyze past usage data
  • Review current energy contracts
  • Price to compare analysis
  • Buyer dictates contract terms
  • Buyer approves auction request

Run the Online Live Auction

  • Identify suppliers
  • Set auction preferences
  • Schedule the auction
  • Run the on-line live auction

    Contract and Support

  • Summarize auction results
  • Review and finalize contract
  • Schedule renewal auction
  • Monitor monthly usage