What is a reverse auction? Reverse Auctions are now the premiere method of energy procurement for businesses and government entities alike, and EMEX’s Reverse Auctions are the most technologically advanced and customer-centric in the world. Here’s how one of our Reverse Auctions works in four easy steps:
Log In and Get Ready For The Bidding War
Log in to your EMEX Account right before the Reverse Auction begins while conferencing with your dedicated EMEX Analyst, who will be there to narrate the entire auction experience and evaluate the greatest savings value opportunities available alongside you. You’ll be provided with insight on the suppliers competing to win your business, and analysis on trends in the market to collaboratively strategize on what procurement decision is going to work best for your business.
Watch the Real-Time Bids Come In
This is where it gets interesting! Once the Reverse Auction starts, you’ll be able to watch as your energy rates tumble as Electricity or Natural Gas suppliers continually bid and counter-bid in an apples-to-apples pricing format to win your business. In a matter of minutes, you will gain the opportunity to secure substantial energy savings by locking in the best rate with just a few clicks of a mouse.
Choose the Best Rate that Works for You
You'll have your pick of the best rates on the market for any term. We will show you a detailed analysis of each rate so you have the best idea of where your money is going and how much you will save over the course of the year.
Save up to 30% on Your Energy Rates
EMEX Reverse Auctions will often yield savings of up to 30% on your energy supply bill, and there is no cost or obligation if you’re not ready to move forward after the auction is held. Should you lock-in a rate and request a contract, EMEX’s in-house contract managers and legal team can walk you through any agreement to ensure a full understanding of the document. Once the chosen supplier’s agreement is signed and submitted, your rate is fully secured and your new rate will begin at its set start-date.
An EMEX Consultant is ready to guide you and get you the best possible rate
No Complicated RFPs