Energiauktion.dk an automated end-to-end broker

In close collaboration with the Danish energy trading specialist Norenergi, Partisia has developed an end-to-end auction solution for electricity procurement (Partisia Power Procurement). The solution makes it simple to run professional procurement auctions for electricity and it is tailored to Small and Medium sized Entreprises (SMEs). Unlike large electricity consumers, SME’s typically stick to their common electricity suppliers. With Partisia Power Procurement we make the best price on future electricity consumption. In Denmark the solution is available through Energiauktion.dk a joint venture between Partisia and Norenergi.

The solution is basically a trustworthy “middleman”, simplifying the procurement and bidding process as well as managing consumption data, auctions and resulting contracts for both buyers and sellers.

From the buyers’ perspective, the solution makes it simple to make a professional procurement description as well as managing the associated data and documents. Initially the buyer is asked to register his power meters, which is the basic entity in the procurement process. As soon as the historical consumption data is collected, the buyer describes the procurement by simply selecting power meters, time period and type of product (e.g. fixed or variable price). Then the buyer simply starts the auction and wait for the system to return with the best price bid. If the buyer accepts the best price bid the final contract between the buyer and seller is automatically issued.