The energy deregulation movement, which began in the 1980s with natural gas and spread to electricity in the following decade, continues to evolve as regulators and market participants adapt to better tools and learn – from trial and error – the key elements necessary to make competition successful. The original idea, to bring competition to the energy markets as a means of containing energy costs and enabling market forces to drive them downward, has had a somewhat spotty record of success in the retail markets, largely due to inconsistencies in market rules and structures, resulting in uneven implementations of deregulation on the power side.
Today, 21 US states have deregulated electricity, with varying levels of actual or expected competition; and all have deregulated natural gas, with strong competition in almost every state. This implies that future growth in the energy markets will come as more states deregulate electricity, and those with flaws in their market structures move to fix the problems that have hindered the development of competition. Founded in the early days of electricity deregulation, World Energy has proven its ability to provide the key ingredients that make competitive markets work. World Energy Exchange, through its combination of award-winning process and technology, delivers each of the following: - Market intelligence – Effective decision-making requires in-depth understanding of the economic and physical differences between various supply and contracting alternatives, insight into energy market trends, and the variables affecting pricing.
- Liquidity – World Energy’s online exchange draws market participants on both the supply and demand side by providing a trusted and effective marketplace for transacting multiple commodities – without sacrificing the flexibility needed in an evolving market.
- Price transparency – Buyers and sellers see all bids in real-time, creating the visibility and urgency that drives hyper-competition for delivering the best price.
Our process and platform support Sarbanes-Oxley and other forms of compliance requirements in both domestic US and global markets, and enable protest-free government procurements. As the energy markets continue to evolve, getting the best price through the most efficient, compliant process possible will only become a more urgent need. World Energy has positioned itself to be able to grow and evolve in step with the industry to ensure its offerings continue to set the standard for energy transactions in the 21st century. Market Rules
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