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TV host and mayor in CR sparks a revolution in paying for utilities (Financial Times)

3.10.2014 - eCENTRE Vladimir Koren, the mayor of Ricany in the Czech Republic wanted to cut his town’s high utility bills. The mayor, who is also a TV presenter, hit on an innovative solution: an electronic auction for electricity and gas supplies for households.

The first auction for a one-year contract with the municipality took place in 2012, in collaboration with eCentre, a Czech company that hosts online auctions for goods and services ranging from petrol to mobile telephony. Result: the municipality’s electricity bill was cut by about 25 per cent and that for natural gas by almost 17 per cent.

Article: http://www.ft.com/cms/s/0/eecb1b92-4364-11e4-be3f-00144feabdc0.html#ixzz3F4ojstfY

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