RenEn presents RENGATE,
The first portal to manage competitive, real-time online auctions to sell and purchase energy from renewable sources on the Italian market in an easy, transparent and fast way.
Thanks to RenGate it is possible to quickly sign bilateral transparent contracts, able to satisfy every need of Producers and Wholesalers.
HOW DOES RENGATE WORK
1. The Producer
Defines the auction specifics and communicates them to the wholesaler together with the plant characteristics through an invitation letter. The Power Purchase Agreement (PPA) is shared between producer and wholesaler.
2. The Wholesaler
Presents his offers on the platform following an auction procedure allowing to raise the bid.
Are real-time standardised and compared.
4. The Producer
Analyses the details of the received bid and selects the winner within a very short time.
5. The Agreement
(PPA), Concluded according to a standard already shared between Wholesaler and Producer, is published on RenGate at the conclusion of the auction.