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Wednesday, August 18, 2010

Freakonomics Highlights Reverse Auctions for Energy Efficiency

FreakonomicsImage via WikipediaIan Ayres, writing in The New York Times' Freakonomics Blog, has thrown the spotlight on how reverse auctions can be employed by governments to achieve energy cost savings - a topic we've covered extensively here at the Reverse Auction Research Center: http://reverseauctionresearch.blogspot.com/. His article can be read in its entirety (unlike much of the Old Gray Ladies' web content) for free at this link below:
"A Reverse Auction to Conserve Kilowatts" (http://freakonomics.blogs.nytimes.com/2010/08/05/a-reverse-auction-to-conserve-kilowatts/)

Owing to the fact that it appeared in the The New York Times' and especially with the "Freakonomics" moniker, this article will get far, far more attention than my own piece on the State of Missouri's efforts - published in Bizcovering last May:
"The State of Missouri Gets The Most Bang for The Buck Through Reverse Auctions" (http://bizcovering.com/business/the-state-of-missouri-gets-the-most-bang-for-the-buck-through-reverse-auctions/).

Yet, the message is much the same - reverse auctions can produce far, far greater savings in the energy area for governmental spending and grants in this crucial field. So, all officials - at the federal, state and local levels - should take note of this "feel good" - and saves money - story (and no doubt, it does help to have the "Freakonomics" seal of approval on things!!).
If you would like to learn more about how your government agency can make effective use of reverse auctioning as part of your energy acquisition AND conservation strategies, please contact us here at the Reverse Auction Research Center: http://reverseauctionresearch.blogspot.com/. Without a doubt, our consulting services - even without going to a reverse auction - will be far, far less than the "Freakonomics" guys!!

David

From the Reverse Auction Research Center: http://reverseauctionresearch.blogspot.com/
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