Lorraine Alexander, founder of Bidwell Energy, sheds light on how Bidwell’s reverse auction technology empowers gas and electric utilities to secure the most competitive energy prices for customers. Utilities operate under strict regulations that cap their profit margins, meaning any excess is returned to ratepayers rather than kept by the company. Bidwell’s platform enhances the competitive bidding process by allowing energy suppliers to see real-time bids and adjust their offers, which drives prices lower. This approach reduces supplier risk, encourages transparency, and ultimately leads to lower energy costs for all users. For more information, visit bidwellenergy.com.
This process helps compress previously lengthy legal projects into weeks, optimizing the energy procurement process for utility companies.