The trading platform embeds the costs of the coal factors and transportation directly into the auction, allowing the buyer to compare the true real-time cost of offers and eliminating days of tedious data entry and analysis. Marketplace allows buyers and sellers to create highly customized auctions, selecting real-time or sealed bid formats, defining their specifications and locations, circulating the RFP and analyzing the offers, and enabling flexible awards.
Since last year, Pricelock Marketplace has enabled global companies to transact fast-paced, real-time auctions for natural gas and liquid fuels. With the addition of coal, Pricelock Marketplace continues to enlarge its commodity choices for major energy buyers. Pricelock Marketplace can be accessed through www.pricelock.com.