Closed Bid Auctions
Type of bidding in which each supplier (bidder) is given just the chance to bid over a time period, and where the supplier(bidder) does not know the other bidders they are up against but can see the other bid amounts.
You will work closely with an experienced and highly knowledgeable energy procurement team as we realize and understand that energy procurement is highly specialized.
Auctions can start anytime you are ready and can run for several days.
A Closed Bid Auction is completely transparent. The auction takes place in real time, enabling you to see bids as they happen and view the energy companies bidding.