On-Line Reverse Auction Technology
World Energy designed its energy-tailored Anglo-Dutch reverse auction platform with one thing in mind - to give energy buyers the technology tools they need to fully leverage the cost-savings opportunities of deregulation - and to do so with the least possible risk to their organizations.

The unique Anglo-Dutch design of the Exchange's reverse auction is the most robust price discovery engine anywhere, maximizing competition to the point where one supplier described the Exchange as "brutally efficient at squeezing margins to the bare minimum."

Prices Plummet as Fixed End Time Approaches
The Anglo aspect creates a competitive bidding environment that causes suppliers to aggressively bid their prices down. The Dutch part creates a best and final "last bid blind" process that delivers the lowest price available in the market on that day.

Dozens of Possibilities Tested to Uncover Best Possible Options
Going even further, the auction's ability to run multiple auctions for each procurement to test a variety of load conditions and contract terms doesn't just ensure the best possible purchase options, but it has also saved customers hundreds of millions of dollars, while also ensuring environmental responsibility.

Cost Mitigation of up to 30% Has Been Realized
Time and time again, the reverse auction has resulted in prices that were up to 30 percent lower than utility standard offer load pricing, beating traditional paper, phone and fax processes hands down. In fact, the auction has been used to secure competitive pricing in every deregulated, competitive state in the United States without a single procurement being protested -- ever.

Built in Portfolio Management at no Additional Cost
Another key component is the portfolio management functionality inherent in the technology - once a contract is signed, a customer's contract, site, account and usage information is then hosted on World Energy's Portfolio Management System - a real time database that stores and tracks monthly usage and analyzes contract and facility performance. In effect, customers have an entire energy portfolio management back office system tracking everything they need to know about their energy contracts and usage at no extra cost.