An EMEX™ Reverse Auction sets the stage for a real-time bidding war among the nation’s top energy suppliers in a few quick steps. First, your dedicated EMEX™ Energy Analyst conducts an audit of your current energy bills on your behalf, assessing with you the opportunities for potential savings. Next, you’ll schedule your reverse auction at a convenient time, with most auctions only taking around 10 minutes. Because the Reverse Auction is conducted online, your board members and other stakeholders can easily monitor the real-time event from wherever they are located.
During the auction, up to 15 suppliers compete to win your business, constantly outbiding each other and driving the rates progressively lower. The reverse auction only ends once the lowest rates are uncovered and the competition has no more room in their price to bid against them.
Once the auction is over, you may decide to choose a new rate, or schedule a new auction at a later time if you’re not satisfied with the results – it’s up to you. Either way, there’s no obligation to sign a contract until you find the supplier that will provide the greatest value for your organization.
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