Electric Power
Auctions
Overview
Experts

The Brattle Group assists clients by serving as auction valuation and bidding advisors, auction managers, and as experts in auction theory for both telecommunications companies and utilities. We advise the U.S. Congress and administrative agencies, and serve as experts in litigation on behalf of private clients.

We are involved in the valuation of wireless spectrum and optimal auction design, and have been retained by bidders around the world to advise on auction strategies. Our knowledge of auction theory and practice allows us to provide support at all levels of the auction process.

Auction Design
Auction design encompasses the activities involved in developing the rules of the auction. These rules, which directly impact the success of the auction, include:
  • Definition of items sold (spectrum block, power supply tranche size, size of emission right)
  • Qualifications of eligible bidders
  • Restrictions on items that can be won (spectrum cap, capacity cap)
  • Rules of the auction, including:
    • Auction format (single v. multiple round, open v. closed information)
    • Activity rules
    • Stopping rules
  • Physical domain of auction (in person, internet-based)
  • Auction evaluation criteria

Auction Manager
The auction manager sets up the auction, runs it, and provides real-time on-site monitoring of bidders and auction results. This role includes:
  • Sourcing specialized software (auction programs, web interfaces) and hardware (security fobs, bidding site materials)
  • Preparing auction documentation
  • Publicizing the auction to potential bidders and responding to their inquiries
  • Qualifying bidders
  • Training qualified bidders
  • Running the auction
  • Disseminating auction information, such as round results

Bid Advisor
A bid advisor can explain or clarify the connections between sets of rules and bidders’ interests and help advocate with regulators in crafting auction rules.
  • Validation of company valuation models
  • Strategic planning for the auction (defining goals, understanding trade-offs within the auction, bidding strategy)
  • Analysis of other bidders
  • Tutorials on auction rules, mock auctions
  • Development of necessary real-time analyses
  • War room planning
  • Real-time bid team support

Principals
Broehm 076
Principal
+1.617.864.7900
Dr. Broehm is an economic expert in the electric utility industry specializing in the areas of market competition, impacts of regulatory policies on wholesale power markets and power assets and valuation, and the evaluation of power procurement. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Metin 087
Principal
+1.617.864.7900
Dr. Metin Celebi provides expertise in electricity markets and analysis of environmental and climate policy. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Reitzes 067
Principal
(Washington) +1.202.955.5050
(Toronto) +1.416.360.4849
Dr. Reitzes, a former Federal Trade Commission economist, specializes in antitrust and regulatory economics. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Jurgen weiss0492
Principal
+1.617.864.7900
Dr. Weiss specializes in issues broadly motivated by climate change concerns, such as renewable energy, energy efficiency, energy storage, the interaction between electricity, gas and transportation, and carbon pricing. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Academic Advisors
Academic Advisor
Dr. Robinson is a Senior Fellow of the Oxford Institute for Energy Studies. He consults on competition, regulation, and corporate strategy in energy and other regulated sectors. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4