|
March 1, 2010
Complimentary webinar emphasizes steps California companies need to take now to benefit from reinstated Direct Access Service
Worcester, MA – March 1, 2010 – World Energy Solutions, Inc. (NASDAQ: XWES and TSX: XWE), a leading operator of online exchanges for energy and environmental commodities, and co-sponsor California Manufacturers & Technology Association (CMTA), an association geared to develop balanced laws, effective regulations and sound public policies to stimulate economic growth, will host a new webinar, “Senate Bill 695: Competition in the California Energy Market” on Wednesday, March 3, 2010 at 11:00 a.m. PT. This complimentary webinar will review the legislation that allows all non-residential customers to choose their energy service provider instead of remaining with their utility, as well as the critical steps that need to be taken now for companies to take advantage of this newly competitive market.
Overview:
In October 2009, California Governor Arnold Schwarzenegger signed into law Senate Bill 695, re-establishing the competitive market for electricity in California by allowing all non-residential customers the option of choosing their Electricity Service Provider (ESP) via Direct Access (DA) service. DA service provides opportunity and choice for companies to engage in new electric supply options that may:
- Provide cost savings and/or budget certainty
- Manage energy costs
- Mitigate risk
- Offer "greener" electricity alternatives
Many of the provisions of SB 695 have yet to be finalized, and the California Public Utility Commission (CPUC) is continuing to refine details about available load, how it is to be phased in, and customer enrollment. However, because the window for companies to take advantage of this opportunity is likely to be very short, with only a limited percentage of load available for DA, it is crucial that companies be well-informed and ready to act once the CPUC implements the phase-in period, which is expected to begin in early April 2010.
Key takeaways:
- The Benefits of Direct Access Service
- The Key Points of Senate Bill 695
- How to Prepare for the Competitive Electricity Market
- How World Energy can Help You Make the Most of your Next Energy Procurement
About CMTA
The California Manufacturers & Technology Association represents manufacturing and technology companies employing more than 1.5 million Californians. Our 700 members include aerospace, energy, steel, cement, chemical, pulp and paper, consumer products, food processors, biotech, electronics and information technology companies. Learn more at www.cmta.net.
About World Energy Solutions, Inc.
World Energy (NASDAQ: XWES; TSX: XWE) operates online exchanges for energy and green commodities. For buyers and sellers of electricity, natural gas, capacity, demand response, and green-energy assets, World Energy’s proven approach has transformed the normally complex procurement process into a powerful, streamlined vehicle for cost savings. In addition to enabling customers to seek competitive pricing on traditional energy commodities, World Energy is taking a leadership position in the emerging environmental-commodities markets. Its award-winning World Green Exchange® supports the ground-breaking Regional Greenhouse Gas Initiative’s (RGGI) cap and trade program for CO2 emissions. For more information, please visit www.worldenergy.com.
This press release contains forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to: our revenue is dependent on actual future energy purchases pursuant to completed procurements; the demand for our services is affected by changes in regulated prices or cyclicality or volatility in competitive market prices for energy; there are factors outside our control that affect transaction volume in the electricity market; and there are other factors identified in our Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission.
SOURCE: World Energy Solutions, Inc.
Back to Press Releases
|
