For Government Agencies, We’re Agents of Change  
When governments and government agencies buy energy, a large number of stakeholders have an interest in ensuring that the price paid is the lowest possible, and that the process meets requirements for fair and open competition. The paper RFP process is hard to document and the audit trail necessarily has gaps. Their manual, non-transparent nature limits the opportunity for price discovery for both customer and bidder, as well as the opportunity for a bidder to “sharpen their pencil” and bid lower. Energy markets have changed and procurement methodologies are changing as well.

World Energy uses online auctions to get the best price, ensure compliance, and complete transactions quickly, cost-effectively, and with virtually no risk. The World Energy Exchange date- and time-stamps each bid in alignment with the Atomic Clock, and provides real-time price transparency, so participating suppliers can track the action as it occurs. The legitimacy of the transaction and the integrity of the process are assured – keeping pristine World Energy’s record of never having a procurement protested.

The World Energy Exchange operates on a performance basis, with no upfront cost to taxpayers. Eight government officials and agencies have won awards for the cost-saving results achieved by using World Energy Exchange. Awards include the 2005 National Association of State Facilities Administrators (NASFA) Innovation Award the 2005 National Association of State Chief Administrators (NASCA) Outstanding Program Award, recognizing the program as the most cost effective program in any spend category in any state, and awards for innovative uses of technology and green power procurement.