EnergyAuctions

Join EnergyAuctions and enjoy optimal purchasing conditions for your deregulated electric and natural gas accounts. By joining your accounts with the thousands of current EnergyAuctions participants, we create purchasing power in the marketplace. Taylor analysts determine optimal grouping based on several key metrics including load profiles, usage patterns, delivery zones and other relevant indicators.

By enrolling in an EnergyAuctions program, customers can be grouped into time sensitive or price sensitive pools. Time sensitive pools require evaluating market conditions and executing by a date certain, whereas price sensitive pools are executed when wholesale market conditions are less expensive than the current utility rates. In either pool, Taylor analysts observe and evaluate market conditions and schedule auctions based on best business practices. We constantly monitor the marketplace for you so you can focus on your business functions.

When EnergyAuctions are scheduled, deregulated suppliers are identified, evaluated and invited to participate based on their qualifications to serve the aggregate loads. Taylor monitors the supplier base both currently in the marketplace and those eligible but not active in that market. With the size and diversity of the aggregated customer base, Taylor is often able to attract new participants to the auction site.

Customers are able to setup their own EnergyAuctions, controlling the time, duration, conditions, suppliers and the auction itself. Individual customers may also choose to have Taylor staff run an EnergyAuctions specifically for their account(s) under defined conditions. In the alternative, Taylor will optimally group your account with other market participants and execute per the terms of the Pool agreements.

What to Expect A reverse auction is a structure where bidding must progress downwards Blind bidding occurs in the final two minutes of all auctions. Suppliers cannot see each others bids and the best bids are often produced. In all auctions, the decision maker can accept or reject any final bid Since price is not the sole factor in any supply offering, the decision maker has the option to choose any supplier's final bid based on best business practices. Binding bid terms between customers and suppliers based on acceptance of bid All accounts are pre-approved for credit and load profiles prior to the auction