Rhode Island and Massachusetts Wind Power Lease Sale · Power Auctions LLC 3 Microtech LLC. Auction...
Transcript of Rhode Island and Massachusetts Wind Power Lease Sale · Power Auctions LLC 3 Microtech LLC. Auction...
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Rhode Island and Massachusetts Commercial Wind Power Lease Sale
15 January 2013
Karen Wrege
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Power Auctions Profile
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Company Profiles and Government Clients
• Large‐scale enterprise network support and application development provider
• Provider of FISMA‐compliant data center and cloud‐based solutions
• Headquartered in Vienna, VA
• Service Disabled Veteran Owned Small Business
• Founded in 2003 as an outgrowth of Market Design Inc. (MDI), a consultancy of professors of economics and game theory at leading American universities
• Holds PowerAuctions™ software platform (which originated in 2000 and was first used commercially for the EDF generation capacity auctions in 2001)
• More than 150 high‐stakes auctions and 3 industry simulations to date
• Government clients include US Federal Communications Commission, Federal Aviation Administration, Industry Canada, Australian Communications and Media Authority
• Delaware limited liability company with principal office in Washington DC
Power Auctions LLC
3
Microtech LLC
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Auction Design
Ascending Clock Auction
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Illustrative Single Item Ascending Clock Auction Round Process
Round opens
Bidder places active and/or intra‐round bids
Round closes (when time expires)
Auctioneer
should close
Auctioneer evaluates bids and
determines if auction
should close
Price ticks up Price ticks up (% based on demand in the prior round)
Auctioneer Auctioneer releases # of
current bidders and next round prices
Conduct Assignment Stage and Run Results
1/18/2013 ‐ 5 ‐
Winner Informed
close
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Ascending clock auction (single item)
Confidential6
Round 5Round 5 Asking Price
Round 4
Round 4 Asking Price
Round 3 Asking Price
Round 3
Round 2 Asking Price
Round 2
Price ($)
Bids(Number of bidders)
Final Bid
Maximum Bidder A is willing to pay (Intra‐round Bid)
Maximum Bidder B is willing to pay (intra‐round Bid)
Bidder E Bid; bidder E wins and pays price bid
R3 Bids
R4 Bids
R2 Bids
Maximum Bidder C is willing to pay (Intra‐round Bid)
Maximum Bidder D is willing to pay (intra‐round Bid)
R1 BidsRound 1 Asking Price
543210
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Auction Mechanics
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IT and Backup Requirements for Participation
• Computer requirements Computer with an 1.2 GHz processor or higher Web Browsers supported
√ ‐ Google Chrome (Windows or MAC platforms)√ ‐ Internet Explorer 8 or 9 (Windows 7 with required configuration change)
Access to the internet 1366x768 or higher resolution monitor
• Recommended backup facilities Secondary means to access the internet, such as a mobile wireless
card More than one individual (up to three) authorized to bid for your
company
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Typical auction arrangements
Auction Manager
Bidder 2
Bidder n
Bidder 1
BOEM
Server
Internet
Backup Server
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Encrypted data transferusing TLS
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Auction Screen Shot
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Auction Screen Shots
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Auction Screen Shots
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Auction Screen Shots
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Auction Screen Shots
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Auction Screen Shots
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Auction Screen Shots
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Auction Screen Shots
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Auction Screen Shots
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Auction Screen Shots
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Auction Screen Shots
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Auction Screen Shots
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Auction Screen Shots
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Auction Screen Shots
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Auction Screen Shots
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Auction Screen Shots
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Auction Screen Shots
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Auction Screen Shots
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Auction Screen Shots
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Auction Screen Shots
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Auction Screen Shots
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Auction Screen Shots
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Auction Screen Shots
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Auction Screen Shots
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Auction Screen Shots
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Auction Screen Shots
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Auction Screen Shots
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Auction Screen Shots
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Auction Screen Shots
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Auction Screen Shots
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Auction Screen Shots
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Auction Screen Shots
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Auction Screen Shots
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Auction Screen Shots
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Auction Screen Shots
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Auction Screen Shots
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Bidder Preparation
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Prospective Bidders
• Receive, via email, the User Guide for the Auction Software One copy of the User Guide will be emailed to the email address listed
for the main “Point of Contact” for your company (Verify with BOEM)
• Receive, via FedEx (signature required), usernames, passwords and tokens for the Auction System for the Authorized Individuals Allows access to the Auction System for the mock auction and live
auction
One set per authorized individual
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Mock Auction
• Mock Auction (training session) is scheduled just prior to the auction to provide bidders with an opportunity to test their login codes and place practice bids
• Participation in the Mock Auction will occur remotely over the Internet, from the bidders’ respective offices
• Recommend that bidders use the PC and connection that they intend to use for the live auction
• No results of the Mock Auction will be published• Auction Manager will provide support (telephone and messaging
facility of auction system) during the Mock Auctions
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Live Auctions
• Participation in the Auctions will occur remotely over the Internet, from the bidders’ respective offices
• Bidders should establish protocol that a single Authorized Individual will be submitting bids; and that the second and third Authorized Individuals are available as backups
• All submissions subject to the constraints of the Auction Rules
• Auction Manager will provide support (telephone and messaging facility of auction system) during the Live Auctions
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Questions and Answers
BOEM and Power Auctions LLC