A bid for power

Rankings 2005

A big advantage of US energy market deregulation is that power marketers and their supply customers have access to innovative methods for the sale and procurement of electricity. One such recent method is the clock auction, a type of reverse auction, whereby power suppliers submit online the amount of electricity they want to supply to utilities at the price set by the auction manager (a third party). Then during the auction the price of power ‘ticks’ down through bidding rounds until the po

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