World Energy Solutions Gains Exclusive
License to BENTEK’s Rate and Tariff Analysis Models
and Libraries
Licensing Agreement provides World Energy with Unique Capabilities
June 20, 2002 - World Energy Solutions, Inc. and BENTEK
announce an agreement by which World Energy has exclusive
access to BENTEK’s RATEMINER, Rate and Tariff Analysis
Models and Libraries. This agreement provides World Energy
with a modeling capability no other on-line auction player
has.
Models and Libraries Provide Market Intelligence and Help
Forecast Savings
RATEMINER enables World Energy to compare the rate a customer
has paid or is projected to pay with a utility’s “standard
offer”. This comparison ability enables World Energy
to advise clients as to the optimal contracting strategy
that balances risk and savings.
“BENTEK’s capabilities are truly unique in
the market. With these tools, we were able to help a large
Texas client create a “price to beat”. We compared
this price with the rates we generated from the reverse
auction process, and projected over $7mm in savings over
the life of the contract. With this analysis, our client
felt comfortable locking in their rate for 3 years.”
said Richard Domaleski, President of World Energy Solutions.
“We are very pleased to partner with World Energy.
We had a number of auction players approach us about our
solution, but in the end we felt it best to partner with
the runaway leader in the on-line procurement space -
World Energy.” Said Porter Bennett, President of BENTEK.
About BENTEK
Bentek Energy, LLC. (Bentek) is the energy industry's leading
independent provider of tariff information and analysis,
we maintain tariffs on over 800 gas and electric utilities
located throughout North America and provide a wide variety
of products and services related to the energy industry.
Since its inception in 1985, Bentek has helped clients develop
the capabilities and information necessary to successfully
compete in the evolving energy industry. More information
about Bentek Energy, LLC. Can be found on the internet at
www.bentekenergy.com.
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