Summit's goal is to use this facility to efficiently manage the procurement of electricity, natural gas and other fuels for its customers. The strength of our auction facility has always been its flexibility, and Summit was quick to understand how it could work to the advantage of their clients. Summit is an independent energy manager that assists clients in procuring natural gas and electricity and managing energy programs on an outsourced basis. The host selects the participating vendors, who attempt to win contracts through progressively lower bids.
All participants see the current bids, but the source of the bid remains anonymous.
The auctions have used ePIT's Internet trading software platform. In this case, we're all working together to provide Summit's clients with an even greater return on their investment.