The Reverse Auction Platform is cutting-edge technology that hosts a hyper-competitive bidding war from a full stable of electric companies in a 5 to 10 minute time frame, with suppliers constantly underbidding each other until the lowest possible rates are uncovered.
We invite as many electric companies as you would like to have compete for your business which can include your current provider. We schedule a date and a time where you can log into an online portal to watch the bidding process.
The companies all log in at the start of the reverse auction and proceed to underbid each other until the 10 minute time frame expires. If bidding is still occurring when there is less than two minutes left then another two minutes is added to allow counter bids. This promotes further competition and ensures that you end up with the lowest possible offers. At the end of the auction you are able to lock in the lowest rates offered and if you’re not ready to move forward there is no cost or obligation.
Contact us to schedule your reverse auction.