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Reverse Auctions

By employing Reverse Auctions we have increased the participation of suppliers bidding for your contracts, which reduces the rates you pay.

We run a two stage Reverse Auction, a real time on-line auction, allowing energy suppliers to respond to market competition, followed by a post auction negotiation to further sharpen rates from the best 2 or 3 suppliers.

For larger supplies, we can run Reverse Auctions several months in advance of contract renewal dates providing a benchmark target cost and using daily market data we will index prices to give an indication of contractual prices, giving clients the opportunity to exploit market opportunities that arise.

Reverse Auctions typically save clients 15% over renewal offers and 2-3% on wholesale prices.

Making sure you're with the right energy supplier for your business is important but the timing might be critical

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