The Climex auction platform has been developed specifically for the energy market. It provides the most user-friendly way of securing your energy contracts against true market prices. Over the past years, hundreds of individual companies, multisite organizations, governments and industry associations have used our platform to meet their energy needs.

Our auctions are based on the reversed auctioning principle. This means the buying party is in control of the auction process. Setting up an auction is easy – you can do it yourself, or have our auctioneer prepare it for you. Auctions can be customized according to your needs, for example by starting an auction with a set target price or search query.

Two types of energy contracts are auctioned on the platform:

• Supply contracts;
• Grid-supply contracts.

Climex offers both standard and sudden death auctions.

• Standard auctions are regular reverse auctions, conducted in three phases.
• Sudden Death auctions are based on a target price determined by the buyer and auctioneer. As soon as a bid is placed that is under or equal to the target price, the auction is closed automatically. A binding agreement is reached directly.

Blind bidding is possible for all types of auctions.