Existing products to hedge procurement price risk are often thinly traded or not traded at all. An alternative is two Internet-based auctions that yield competitive price offers to a buyer of capacity options that are not actively traded at present. © 2004 Elsevier Inc.
Lloyd, D., Woo, C. K., Borden, M., Warrington, R., & Baskette, C. (2004). Competitive procurement and internet-based auction: Electricity capacity option. Electricity Journal, 17(4), 74–78. https://doi.org/10.1016/j.tej.2004.03.005