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 and 485 bids.
• Full load was awared in a matter of hours, rather than the two full weeks it previously took.

Customer quote

• “The auction went great and the reports that followed were my lifeline….the spreadsheets summarized everything we needed to know in order to award 660,000 Dths of winter calls….in just a couple of hours! Pretty amazing to say the least!”