The World DR Exchange leverages World Energy's extensive expertise in auctioning energy and environmental commodities on our award-winning exchanges, The World Energy Exchange® and The World Green Exchange®. The World DR Exchange builds on this lineage, delivering a state of the art platform and process for auctioning demand response. In a structured event architected by our market directors, demand response providers (DRPs) bid against each other in a real-time "forward auction" to win your business. Key Auction Benefits: - Terms standardized to ensure clear comparison: With an online event or auction, the customer fixes the parameters that DRPs must bid on. The terms are the same for all bidders, ensuring an easier and more accurate comparison.
- Auctions designed to foster bidding activity: Our Anglo-Dutch auction design promotes bidding activity and heightens competition. Our last-bid blind feature spurs aggressive "all in" bids.
- Events structured to maximize discovery: We can test several scenarios with different terms, which enables customers to choose the price and parameters that best meet their objectives.
- Auctions sequenced to enhance competition: Auctions can be run in immediate succession, enabling bidders who lost the previous auction to sharpen their pencils and bid more aggressively on the next round.
- Activities documented for complete transparency: All bidding activity is captured, catalogued and time-stamped, providing a thorough audit trail of the transaction.
Benefits to Customers - Simple, efficient and effective process for sourcing DR services that saves time and money
- Real-time price discovery
- Competitive events designed to maximize DR revenues
| Benefits to DRPs - Broader market reach
- Lower cost of customer acquisition
- Simple process resulting in streamlined contracting
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