Clients
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New Jersey Basic Generation Services 2002-2013Optimal Auctions collaborated in the rules design, event management and implementation of a Simultaneous Descending Clock Auction on behalf of PSE&G, JCP&L, ACECO and RECO purchasing full requirements in one-year and three-year contracts for total of 18,000MW of generation annually. Optimal reviewed and updated the auction rules and customized our proprietary Optimal Auctions software platform. Optimal Auctions provided expert auction software, supported bidder training sessions, event security and results monitoring, and post-auction analysis."The fact that the auction results mean that the majority of New Jersey's residential customers will pay less is good news. I commend President Fox and the NJ Board of Public Utilities for continuing to support my administration's goal to put the needs of New Jersey's families first." New Jersey Governor James E. McGreevey |
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Pennsylvania Met-Ed/Penelec/PennPower 2010-2012These quarterly auctions innovated the new Parallel Simultaneous Descending Clock Auction format, where bidders could participate in multiple descending clock auctions at the same time, with eligibility rules, weights, prices, and increment rules differing between each auction. Each auction was presented on the same bidding screen and reports, thereby allowing the auction administrators to run two auctions in parallel, while appearing to bidders as if they are participating in only one auction. |
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Sweden PTS 1800 MHz 2011Optimal Auctions designed and supplied the software the for Sweden PTS 1800 MHz auction. This auction was a combinatorial clock auction that contained unique rules for the designation of surplus lots after the clock auction portion, and additionally unique rules for the assignment portion of the auction. Optimal Auctions successfully completed this multi-week auction and won rave reviews from Sweden PTS for our efforts. |
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Denmark NITA 900MHz, 1800MHz, & 410MHz 2010These 3 auctions were designed specifically for NITA, using unique round closing rules for each auction. The software was configured so that the round closed immediately upon the first bidder bidding in a round, making the schedule for the auction dynamic, and the number of rounds in the auction dynamic as well. In addition to these specified rules, 2 of these auctions also included the option for bidders to place a maximum bid (proxy bid), thereby complicating the high bid price algorithm. Optimal Auctions successfully completed all 3 auctions, with similar rules but each slightly different, in a 6 week time period. |
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Solar Rec 2009-2013The Solar Rec auction was conceived to create a market and a price for New Jersey's Solar Energy Credits. This auction was put together by one of the leading electricity companies in New Jersey, PSE&G. The auction was held quarterly and sold 2500 solar credits each quarter, innovating the way these energy credits are bought and sold in the industry. The first such auction in the United States, we anticipate these auctions to become a growing part of the "green revolution". |
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Finland FICORA 2500MHz 2009An SMR auction that handled 15 spectrum licenses in the 2.6 GHz band with varying eligibility weights and prices. The software was adapted to deal with the unique SMR rules designed for the auction, including high-bidder switching, waivers, and price resettings. |
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Sweden PTS 3.6 GHz 2007Optimal Auctions managed the PTS auction for their 3.6GHz SMR auction. The Optimal Auctions software handled 50 bidders bidding on 12 products over a 7 day span. The software was adapted to handle many auction-specific eligibility rules and waiver rules. |
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Illinois Clock Auction 2006-2007Optimal Auctions developed software to implement a clock auction for electricity capacity for Illinois, a Midwestern United States state. This was a Simultaneous Descending Clock Auction format for full requirements and other services for several different customer classes and distribution companies. |
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Medipent Receivables Placement 2005 - 2008Optimal wrote the auction rules and customized Optimal Auctions software for Medipent's auctions of contracts with collection agencies to service delinquent healthcare receivables. |
Global Debt Auctions 2006 - 2007Optimal wrote the auction rules and customized Optimal Auctions software for Global Debt Auctions' sale of delinquent accounts receivables or bad debt. Global Debt Auctions used a modified Simultaneous Round Auction with handicapping and included an automated workflow process for debt sellers and buyers. Access to information is tiered to protect sellers' strategic customer data and the process ensures that only sincere parties participate in the auctions. |
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DFS Portfolio Auction 2004Optimal Auctions designed, managed and implemented an expert auction on behalf of three trusts holding commercial and retail medical receivables including judgments, complaints, consumer receivables, interest and fees. Optimal Auctions provided comprehensive auction management service including auction rules, regulatory and legal support, a document management solution, marketing, a bidder information session, application processing, a tutorial, training sessions, war-room setup, our proprietary Optimal Auctions Software, event monitoring, and post-auction analysis."The DFS Portfolio auction exceeded our expectations. After using Optimal Auctions' expert auction process it is clear to me that not all auction consultants or auction software are alike. I highly recommend their process for pricing receivables and for ensuring a fair, competitive, and arms-length transaction with all the participants." Al Kirchhein, Scouler Andrews LLC |
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Texas Capacity Auctions, Quarterly Auctions 2002-2005The three largest power generating companies TX Genco, TXU and AEP were selling 15% of their capacity (est. $2B) through auctions mandated by the Public Utility Commission of Texas to help transition to a deregulated market. Optimal Auctions wrote new auction regulations and provided written and oral testimony in support of the regulations, pulled together all stakeholders into a consensus and provided a turn-key solution for the consortium of utilities."We adopted Optimal Auctions' recommendation to use expert auctions to increase competition for electricity procurement and we are pleased with the results." Commissioner Brett Perlman, Texas Public Utility Commission |
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ISO New England, NY ISO and PJMOptimal Auctions participated in a multi-disciplinary team to study and design the capacity market for the three Independent System Operators (ISOs) in the Northeast. The capacity market will provide incentives for building new generation that will be paid by the load serving entities (est. $4B/yr). |
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Singapore 3GOptimal Auctions worked closely with our partner to design specific auction rules. Optimal Auctions designed and implemented auction software based on those rules, and assisted with analyzing inconsistencies in the rules to help iron them out prior to the auction. Prepared bidder training, onsite installation and onsite operation as well as assisting with the setup of remote installation. |
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Austrian 3G & Germany 3GOptimal Auctions designed and customized our Optimal Auctions Software platform to replicate the government auction in order to assist bidders with the development of their bidding strategies. In addition, Optimal Auctions developed a separate bid tracking software, to gather and process bid information to assist with bidder decision making during the auction. Auction was for multiple licenses, where the bidders were required to win either two or three of the licenses. |
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Italy 3GThe Italian Ministry of Communications auctioned 3G mobile wireless and Broadband spectrum licenses, with an auction value of approximately $13 billion. Optimal Auctions customized, tested, and implemented our Optimal Auctions Software platform for the Italian 3G auction, based on auction rules developed in conjunction with economic consulting firm NERA. |
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GuatemalaMarket design and SMR auction software developed for the Secretary of International Communications |
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Alberta Electricity AuctionThe Alberta government auctioned the electrical output from 11 of the province's generating plants. The auction was for full requirements annual contracts for multiple years with individual companies buying from the government. Total value of contracts awarded was $2B. Optimal Auctions assisted an influential an ultimately successful bidder with analyzing the auction rules, auction day planning, and onsite real-time bid strategy. Optimal Auctions implemented software according to the Alberta PPA auction rules and the software was used to assist a client's executives to refine their bidding strategy before and during the auction. Optimal Auctions assisted the client in analyzing the rules to formulate a strategy that would safely maximize the client's chance of winning and at the same time reduce their risk portfolio. |
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Italy LMDSOptimal Auctions collaborated on the design of the auction rules and implemented expert auction software for Italy's LMDS auction where the government sold multiple licenses in multiple regions in two frequency bands. |
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CanadaAuction software developed for Industry Spectrum Management Agency |
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MexicoMarket design and SMR software developed for Commicion Federale de Telecommunicaciones |
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