Transparent Energy Procurement Platform

Retail energy contract bidding platform

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Project Overview

Role

Director-Level Rotations (Product, Strategy, Finance)

Timeline

Jan 2018 – Jan 2022

Impact at a Glance

Real-time Auctions Price Transparency Automated RFP process

Vision & Value Proposition

Configurable reverse-auction events let energy buyers blend fixed-price, renewable, and term-length products in a single, live marketplace. By exposing every competing bid in real time, the platform compresses supplier margins, delivers true $/kWh comparability, and cuts procurement cycles from weeks to minutes. Finance teams see lower OPEX, sustainability teams hit REC targets without extra workflows, and suppliers gain instant feedback to sharpen offers—minimizing commodity risk while maximizing transparency for all parties.

Pain Points

  • Apples-to-oranges quotes → disparate green add-ons and term structures hide the real price and renewable content.
  • Slow, manual RFP cycles → email spreadsheets and one-shot bids drag on for weeks, halving bidder participation.
  • Opaque pricing & risk premiums → unseen competition lets suppliers pad margins above the market-clearing rate.
  • Scattered utility data → limited bandwidth to aggregate interval reads and tariffs leads to billing errors and missed anomalies.
  • Rising ESG pressure → sustainability teams must verify renewable content and RECs but lack integrated tooling.

Target Users & Stakeholders

Energy buyers (C&I procurement) · Energy suppliers · Brokers · Finance teams · Community Choice Aggregators (CCAs)

Solution Overview

  • Live reverse-auction marketplace — suppliers watch every bid, typically driving contract prices 7–8 % lower in 15–45 minutes.
  • Predictive price-timing engine — analyzes historical load, ISO/LMP data, forward curves, and gas-hub prices to recommend optimal buy windows and product mixes.
  • EDI utility integrations & automated bill audit — pipes to hundreds of utilities pull monthly meter reads and tariffs, flagging invoice errors instantly.
  • Configurable “green” bundles — add bundled RECs or specify renewable percentages so ESG and procurement goals align in one event.
  • Immutable audit trail & benchmark analytics — every bid and contract is time-stamped and stored, while dashboards benchmark cost and emissions across the portfolio.
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