Market Edge Newsletter
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Market Edge Newsletter
Recorded: Wednesday, August 17, 2011 @ 2pm ET Speaker: Phil Adams, World Energy Remember when energy was easy? You got a bill from the utility and you paid it. Then came competitive supply, the need to audit bills, energy services companies with their shared savings models, risk management, demand response, smart meters, carbon footprinting and [...]
RUTLAND, VT - August 1, 2011 - Central Vermont Public Service (NYSE-CV) has signed two new power supply contracts, filling the 2012 gap in its portfolio created by the end of the existing contract with Vermont Yankee, at attractive prices. “These contracts serve to ensure our reliable power supply through the end of 2012 at [...]
The Situation Customer burdened with the manual execution of a complex and time-consuming process for buying winter peaking gas. World Energy Action In 10 days, World Energy structured and sent to suppliers the inaugural set of auction events featuring temperature trigger and everyday peaking products - 64 tranches total. Result Extremely competitive auction event with 17 unique bidders [...]
The Situation University that had previously been part of a State procurement chose to venture out alone and needed to procure quickly World Energy Action World Energy’s unique understanding of state procurement regulations combined with our market expertise allowed us to move quickly and competently Result The customer locked in a four year basis contract which [...]
The Situation NYC-based hospital group has an electric contract that runs through August 2012. Their current rate is $.1099/kwh. World Energy Action World Energy saw an opportunity to extend the contract at lower rates, blending the existing price with the lower rate, resulting in immediate savings. World Energy requested offers from all suppliers and also requested blend/extend offers [...]
The Situation A New England State had many interruptible accounts with very high costs. The interruptible rate was linked directly to fuel prices, which were much higher than natural gas. World Energy Action Since the State was paying a higher cost for less service, we helped the State switch accounts from an interruptible to a firm [...]
The Situation A returning Customer struggled with their internal process of awarding 80 auctions to 20 unique bidders. World Energy Action World Energy worked with Customer and Customer’s Risk Management Team to develop and implement an Electronic Deal Ticket process in order to eliminate time spent hand-writing over 30 separate awarded deal tickets. Result Customer [...]
The Situation Customer’s energy expense is a significant portion of their overall cost structure and they elect to obtain fixed prices when appropriate. Current electricity and natural gas contracts deals expire in November 2011 and December 2011, respectively. World Energy Action World Energy monitors and updates customer on market movements prompting them to seek extensions. [...]
The Situation Customer is currently getting electricity directly from supplier through May 2010 at an equivalent rate of approximately $.0595/kwh. Original deal negociated and contracted by plant personnel. World Energy Action World Energy leverages its significant presence with customer across U.S. and its relationship at Corporate and presents alternative pricing from 6 suppliers. Incumbent supplier [...]