Power Auctions by Optimal Auctions
Optimal Auctions Power Auctions - $113,000,000,000 in Power Sold
Optimal Auctions power auctions have been used to purchase $113 billion worth of power around the world. We provide experts for consulting and the best auction software in the world to run your high stakes power auctions. Our cusomters are so satisfied with the results that they get from our power auctions, that they continue to come back to us year after year for their auction needs, with one client just finishing their 14th year with us.
Our power auctions use our Clock auction software to run a Simultaneous Descending Clock Auction (SDCA). It allows dozens of purchasers to provide capacity, with each purchaser determining how to slice up their capacity into tranches. It also allows hundreds of simultaneous providers acting as bidders. The software can handle any size power auction, and can be completely customized to meet your auction needs
- Eugene Meehan, Senior Vice President,
National Economic Research Associates.
In the past 15 years, we've run multiple power auctions for governments around the world. Our most recent clients include the following auctions:
- New Jersey BGS, 2002 - 2017
- Ohio AEP Electricity Auctions, 2014 - 2017
- Pennsylvania Penelec Electricity Auctions, 2009 - 2012
- Spanish Capacity Auctions, 2007 - 2008
- Public Utility Commission of Texas Quarterly Capacity Auctions, 2002 - 2006
- Illinois Annual Capacity Auctions, 2004-2007
About our Power Auctions
Our Power Auctions are incredibly configurable, allowing us to meet any rules or regulations that you may have with your power auction. Our software is so customizable and well-tested, that we can most likely meet your rules and regulations without any additional cost passed on to you.
Our Software is Cheaper, Faster, and Better Tested
If you have any further questions about our power auctions, the pricing of the software, or would like to see a demonstration of how the software works, please call us at 512-947-8273. We will be happy to talk with you about the details of your auction and figure out with auction format will work best for you.
- Commissioner Carol J. Murphy
New Jersey Board of Public Utilities