The energy industry is changing rapidly. The competitive dynamics brought about by deregulation in the energy industry have created the opportunity for savings, but have also added an additional cost to be controlled and another risk to be managed.

The World Energy Exchange enables customers to take advantage of competitive energy markets while eliminating the confusion, risk, and administrative costs associated with choosing a competitive energy supplier. The Exchange is run as a reverse auction, where suppliers bid each other down in an attempt to win a customer's business. The process focuses competition on a customer's energy requirements and produces the most competitive market prices available.

World Energy's fees are bundled in the price you see from suppliers, simplifying the payment process and enabling you to make apples to apples comparisons of suppliers' prices.

Whether you are a commercial customer with facilities across the country, an industrial customer with one large manufacturing plant, or a government customer with special contractual requirements, World Energy simplifies the process of securing the most competitively priced electricity and natural gas.

How it works

• World Energy intelligently packages a customer's data into one or more Requests for Bid and alerts the suppliers in that market.
• Suppliers competitively bid for the account.
• The company chooses the bid that is best for them.
• Company and energy supplier enter into contract.

Why it works

• World Energy's sales and supply desk teams support the client in defining their requirements and accessing the data necessary to prepare a comprehensive Request for Bid.

• World Energy's supply desk team understands the suppliers and can intelligently package a customer's data in the way that will attract the most suppliers to bid on it, often segmenting the load by LDC, term, type of power, and load factor, and running several separate auctions.

• World Energy attracts more suppliers to its Exchange than any other, because it is supplier-neutral, creating a trusted and confidential environment for suppliers to expose their pricing information and tactics.

• The on-line reverse auction is dynamic, causing competitors to bid against one another for your business. In one auction, a supplier bid 11 times to win the business. Traditional RFPs are static and often only return one price per supplier.

If you are a commercial, industrial, or governmental user of natural gas and would like an easier, more effective way to procure energy in competitive markets, let World Energy run your next procurement.