Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Businessweek Archives

Power Management Powerhouse

Business Week -- Web Smart 50 -- Streamlining

Power Management Powerhouse

Just a few years back, electricity was bought and sold in contracts that covered months or even years. Then came PJM Interconnection. In 1998, the Norristown (Pa.) company set up the first online marketplace for electricity. Forget about months: Prices are posted on the system every few seconds, and companies can change the power they buy on the fly.

That's changing not just the way electricity is bought, but the way it's used. Energy-intensive companies that once simply ran full-tilt, not knowing how much power cost from one minute to the next, can now cut back their production at peak times when rates soar. Eventually, the online marketplace could even let families and small businesses--their appliances linked to the Web around the clock--control energy consumption automatically, based on the price of electricity. Now that would give real power to the people.Return to top



The Project: To create an online energy market that enables up-to-the-minute pricing.The Payoff: Energy-hungry manufacturers can save millions by shifting production when rates are low.Return to top

blog comments powered by Disqus