Simple Steps to Success
In many ways, the underlying technology of the World Green Exchange drives the transaction process. Yet World Energy understands that transactions are complex undertakings, and that while technology automates the events, ultimately there are choices and decisions that require human intelligence and consultation.
Therefore, we have developed an end-to-end transaction process that combines our advanced technology with specific market intelligence and the experience and expertise of our market directors.
Pre-auction
At the start, we conduct customer identification and qualification to ensure that the customer’s needs would be best served by our platform. We then hold a pre-auction call with the client to talk through current market conditions, contract terms, and how the process will work on the day of the auction. At this point, we are ready to compose the RFP and make sure suppliers know about the auction and when it will take place. Often, our market intelligence suggests the optimal time to go to market.
Auction
Only after a final phase of due diligence, which ensures that everything is in order for the event, do we hold the auction. During the auction, our market directors monitor all activity to ensure a smooth event. The customer can follow along with each bid and have constant contact with the market director to answer questions as the process unfolds.
Post-auction
Following the auction, the market director works with the customer, the winning bidder, and any channel partners or consultants that may have been involved to complete contracting in less than an hour after the close of the auction. Rapid contracting is a key benefit for suppliers because it mitigates their price exposure between final bid and hedge execution. This allows for lower risk premiums and more aggressive pricing.
The process concludes with our extensive contract and data management services, including storage of the contract, site set up, account definition, and data uploads, which provide access for monitoring usage and setting alert parameters. Throughout the balance of the term of the transaction, World Green Exchange monitors usage and tracks the transaction while remaining available to support the participants. |
