February 5, 2011 at 3:26 pm

The Situation:

• Marcellus Shale Gas caused a depression in basis prices in the Ohio-PA market

Next Steps:

• World Energy provided statistical analysis supporting the decision to lock a 5-year purchase of natural gas to take advantage of the shale presence, then ran series of competitive events and negotiated supply contracts for base [...]
  tags: Cost Savings

at 2:31 pm

The Situation:

• A top utility battled the internal paper chase of documenting an arduous RFP process for their internal risk management group and regulators

Next Steps:

• World Energy’s auction platform simplified more than the utility’s timeframe and bidding process: customized auction reports showcased the comprehensive procurement in an “auction book”

[...]

February 3, 2011 at 4:45 pm

The Situation:

• Mid-West Fortune 500 manufacturer turned to World Energy for help procuring natural gas, negociating utility contracts, and managing customer-owned assets.

Next Steps:

• By proactively engaging the natural gas markets in the customer’s states of operation, and identifying new opportunities in electricity and demand response, World Energy becomes the customer’s “Radar [...]
  tags: Budget Certainty, Cost Savings, Demand Response, Electricity, Natural Gas, Procurement

January 19, 2011 at 4:02 pm

One of the largest cities in New England had been buying its power through a state consortium since 1998. With a goal of reducing electricity costs to the bare minimum – and the need to buy power for more than 400 accounts, including all city buildings, public schools, street lights, and the convention center – the [...]

at 4:01 pm

Despite the fact that World Energy had run successful auctions for the state, their university system – which accounts for approximately one-third of the state’s total usage – was initially reluctant to buy into the concept and chose not to participate, hiring its own consultant. In the first year, certain college campuses outside the system [...]

at 3:56 pm

After using the reverse auction platform to purchase natural gas and electricity in multiple other markets, a long-time World Energy customer with national operations needed to purchase electricity in California. The customer went to auction seeking bids on a variety of fixed and indexed products. During the auction event, the customer’s incumbent supplier attempted to [...]

at 3:55 pm

World Energy approached the automotive corporation to hold an auction for the natural gas needs of its auto parts division. The company’s procurement consultant recommended against an online auction, instead planning to send a paper RFP to the top five suppliers. The corporation agreed to allow World Energy to contact our network of suppliers and [...]

at 3:54 pm

Some companies and institutions prefer to maintain a relationship with one supplier, valuing the ease of contracting and relying on the incumbent to offer a reasonable price. A Texas VA hospital had such a relationship with a supplier, but in a cost cutting effort, decided not to automatically renew the contract, choosing instead to hold [...]

at 3:52 pm

An association of hundreds of technology firms selected an energy supplier of choice for ease of transaction coupled with a low price. Since the original selection process involved competition among suppliers to win the contract, the members of the consortium were pleased with the results and agreed to fulfill all their power needs with the [...]