2008 progress report for World Energy Solutions (TSX: XWE), an energy and environmental commodities brokerage company that has developed online auction platforms, the World Energy Exchange and the World Green Exchange.
5. Deregulation has reshaped the way utilities,
governments and businesses procure energy.
New policies guide strategic decisions in a volatile
energy market. buyers and sellers must work
harder to keep pace with change in the industry
and optimize cost, price and compliance efforts.
World Energy anticipated the opportunities that
would result from deregulation. having emerged as
a clear market leader in online energy procurement,
World Energy provides the knowledge, experience,
and technology to host win-win transactions for
buyers and sellers alike.
The third-party objectivity World Energy provides works
in our favor. It leaves an unbiased audit trail and uses
a transparent process that all vendors trust. The process
invites wide participation and encourages vigorous
competition. In all, it provides the best possible competitive
arena for energy purchasing.
~ Senior Vice President for Wholesale and Retail Markets, Large Municipal Utility
7. procuring energy is a complex exercise. It used to
take days: issuing RFps, sourcing prices by phone,
negotiating with brokers, bankers, retail energy
providers and lawyers. buyers didn’t have the
transparency to negotiate the best pricing or the
technology to quickly respond to changing market
conditions.
Tracing our origins back to 1996, World Energy
offers a highly efficient and effective transaction
platform for the energy marketplace. Using a variety
of electronic tools, including forward and reverse
auctions and post-and-respond mechanisms, our
exchanges create a highly liquid and transparent
marketplace for our customers to transact. We
support our proven, award-winning platform with deep
market expertise, a rigorous end-to-end process,
and exceptional data management capabilities.
The purchase of energy can be a risky endeavor when
you face a volatile market. World Energy’s online auction
platform enabled us to purchase energy below the two-
year low industry price at a time where energy costs
elsewhere were rising.
~ Energy Procurement Manager, Fortune 100 Industrial Corporation
9. Climate change is real, and it’s changing the way
we think about energy. Governments are legislating
cap-and-trade policy, businesses are facing
pressure to offset CO2 emissions and green
producers are finding themselves with valuable
green credits. It has created a new environmental
commodities market, but, as with many emerging
markets, the green markets suffer from a lack of
consumer knowledge, market liquidity and price
and product transparency.
The World Green Exchange® takes the uncertainty
out of environmental commodities purchases—and
puts the buyer in control of the outcome. Our online
exchange delivers the transparency needed so buyers
can make smart purchases for their business,
based on budget, time frame for purchase and
tolerance for risk.
I think a cap-and-trade system makes more sense. That’s
why I proposed it because you can be very specific in
terms of how we’re going to reduce the greenhouse gases
by a particular level. Now what you have to do is you
have to combine it with a hundred percent auction.
~ U.S. President Obama
10. 2001 World Energy Exchange® procures electricity for
the U.S. General Services Administration
2003 World Energy conducts first green auction for the
Environmental Protection Agency
First state client saves $5 million annually in energy costs
2004 and wins 2005 Outstanding Program Award from NASCA
(National Association of State Chief Administrators)
2005 First utility saves $42 million on initial auction
World Energy cited as top aggregator, broker, consultant
2006 in competitive energy markets by KEMA
Initial Public Offering on the Toronto Stock Exchange
2007 Acquired Energy Gateway
2008 Selected by RGGI, Inc. to support the first cap-and-trade
auctions in U.S. history on the World Green Exchange®
sparking a dynamic future.