Power Auctions offers both auction design services and information technology services for advanced auction applications. The proprietary PowerAuction™ software platform has been used to implement a variety of high-stakes auctions in the electricity, gas, environmental and telecommunications sectors. In the electricity sector, the platform is currently used to operate the quarterly EDF (Electricité de France) Generation Capacity Auctions in France, the quarterly Endesa-Iberdrola Virtual Power Plant Auctions in Spain, and the recent E.ON Virtual Power Plant Auction in Germany. The platform will also implement the Forward Capacity Auction for ISO-New England in the Northeastern US in February 2008. In the gas sector, the platform is currently used to operate the annual E.ON Ruhrgas Gas Release Programme Auction in Germany, the annual E.ON Földgáz Trading Gas Release Programme Auction in Hungary, and the annual DONG Energy Gas Release Programme Auction in Denmark. 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 six 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.