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Recorded: March 11, 2010 at 12:00 PM EDT
If you are a World Energy Channel Partner and would like a copy of this presentation, please email info@worldenergy.com with your contact information. Thank you!
Last month, World Energy unveiled the World DR Exchange™, a new auction platform that changes the economic and competitive dynamics of the multi-billion dollar demand response (DR) market. The World DR Exchange creates the industry’s first online marketplace for demand response, enabling customers to source DR more efficiently and effectively. With the World DR Exchange™, companies now can engage curtailment service providers (CSPs) in highly-structured auction events designed to yield price transparency, heighten competition, and maximize their share of demand response revenues.
Demand response is one of energy technology’s highest growth sectors, with Barclays Capital estimating the market could grow to $20 billion annually by 2020. In demand response, CSPs work with customers to curtail energy usage during times of peak demand, providing a valuable service to grid operators, one that can prevent blackouts and reduce the need for building new power plants. In return for this service, operators pay a set price per megawatt to CSPs, who in turn pass on a portion of this payment to their customers. For companies looking to keep more of their curtailment proceeds, the World DR Exchange offers a compelling new way to engage the CSP community.
We invite all World Energy Channel Partners to join us for a complimentary 45 minute webinar reviewing demand response services and how you can best incoporate this new product into your service offering. Featuring Andrew Thomas, World Energy's SVP of Operations, and Steve Schaefer, a principal with Enerlogics and a demand response industry veteran, this event will cover the following:
- What is Demand Response?
- World DR Exchange Overview
- What does this mean for World Energy partners?
- Highlights of Near Term Opportunities - New York and PJM
- Overview - other markets (CA-ISO, ERCOT, ISO-NE, MISO)
If you are a World Energy Channel Partner and would like a copy of this presentation, please email info@worldenergy.com with your contact information. Thank you!
About Andrew Thomas
Andrew is responsible for leading operations for the company’s growing renewable energy, environmental and wholesale power lines of business. He brings a breadth of experience to this role, having served as vice president across retail operations and business development capacities throughout World Energy’s growth. Andrew is a veteran manager in the deregulated energy industry and has been involved in the competitive electricity markets since the first state opened in 1996. Prior to joining World Energy in 2002, Andrew was with XENERGY (now KEMA Consulting), where he was a key team member in contracting the first competitively sold kWh in the country. Andrew holds an MBA with a focus on eBusiness from Cornell University and a BS in Mechanical Engineering from Union College.
About Steve Schaefer
Steve Schaefer is a Principal with Enerlogics, and most recently was the Senior Vice President of Sales & Marketing for EnergyConnect, a national curtailment service provider. He has 25 years of experience in the energy industry including consulting relationships with energy suppliers and service companies, and corporate and institutional energy consumers. Additionally, he has held senior management positions with energy-related software firms including SRC Systems and Silicon Energy. Steve obtained his Bachelor’s of Science in Electrical Engineering from the University of Notre Dame, and received a MBA-Finance degree from the University of Wisconsin-Madison.
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, and green-energy assets who are impacted by today’s volatile markets, 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.
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