Power Auctions offers both auction design services and information technology services for advanced auction applications. The proprietary PowerAuctions™ software platform has been used for implementing a variety of high-stakes auctions in the electricity, gas, environmental and telecommunications sectors.

In the electricity sector, the platform implements the quarterly EDF (Electricité de France) Generation Capacity Auctions in France, the semi-annual Virtual Power Plant Auctions in Spain, and the E.ON Virtual Power Plant Auction in Germany. The platform is also currently used for operating the annual Forward Capacity Auctions for ISO New England that procure all generating capacity for the six-state New England region of the US. The first two auctions for ISO-NE procured $3 billion in electricity generating capacity.

In the gas sector, the platform currently runs the annual E.ON Földgáz Trading Gas Release Programme Auction in Hungary and the annual DONG Energy Gas Release Programme Auction in Denmark. It also implemented the E.ON Ruhrgas Gas Release Programme Auctions in Germany; E.ON’s obligation to hold gas auctions in Germany concluded in 2008 after the series of six successful annual auctions.

The software was also used to operate the Emissions Trading Scheme Auction in the United Kingdom — the world’s first auction for reducing greenhouse gas emissions. Power Auctions licenses nine patents related to dynamic auctions and has other patents pending.

On this web site, you will find short descriptions of the software and associated intellectual property that we offer, and short descriptions of our recent auction projects in electricity, gas, and greenhouse gas emission reductions.