Competitive purchasing of energy could apply to individuals, groups

Wednesday - 9/29/2010, 3:45pm EDT

Reverse auctions -- in which the bidder is the seller -- have helped large companies and cities save millions of dollars in energy costs and could be used for individuals and neighborhoods, according to a Southeastern Louisiana University professor in a release.

Professor David Wyld's idea is to develop an "e-marketplace" where consumers can purchase energy from a number of sources.

"Reverse energy would help consumers save on their energy bills and 'go green' in the process," Wyld said in the release.

This story is part of our daily DorobekINSIDER Must Reads. Be sure to check out the full list of stories.