World Energy 2Q C&I auction volume sets new record

Worcester, MA, Aug. 9, 2007 — World Energy Solutions Inc., the operator of online exchanges for energy and energy-related products, announced that auctions completed for commercial & industrial (C&I) customers using its World Energy Exchange platform reached the highest volume level ever transacted by the company in a single quarter.

From April 1 through June 30, 2007, 1.6 billion kilowatt hours of electricity and 3.85 million decatherms of natural gas were procured using the World Energy Exchange. Auctions were structured with fixed and index pricing; customers with fixed pricing realized an average of 10.97 per cent savings — or more than $7.4 million — when compared to pre-determined benchmark pricing. Contract terms for the energy supply run from one to sixty months.

The World Energy Exchange was utilized to conduct a variety of energy auctions for commercial and industrial customers in Connecticut, Delaware, Illinois, Kentucky, Maine, Maryland, Massachusetts, New Jersey, New York and Texas. Auctions conducted on the Exchange during the second quarter involved multiple supply mix variables such as commodity type, load requirements and length of contract.

For more news and exclusive features from Utility Automation & Engineering T&D and Electric Light & Power online, please click here.

Previous articleAEP subsidiaries purchase 200 megawatts of wind power
Next articleSafe bets: Why cyber security should be part of AMI planning

No posts to display