Energy Action commences online electricity auctions in WA

Energy Action, a leading energy management consultancy firm, has commenced electricity auctions in Western Australia via its online platform the Australian Energy Exchange (AEX).

With such a complex electricity market, electricity procurement was historically completed using a tender process and accepting an offer from the existing energy retailer. Now, Energy Action has enhanced its online auction platform with a range of innovative additions to provide its clients with access to this procurement strategy in Western Australia.

The main benefit of procuring electricity online is clients can secure a best fit contract at a competitive price in as little as 15 minutes and watch the competitive bidding between the registered energy retailers.

Chief executive officer Scott Wooldridge said, “Energy Action is committed to bringing innovation to energy management and the option of the online reverse auction platform in Western Australia is a tangible example. Auctions provide an alternative method of procurement where clients have either an auction or tender process to take their requirements to market and achieve maximum price discovery.”