Procure what you need at the best available price.
Energy buyers forfeit billions of dollars every year by sourcing energy via outdated means, including sole sourcing directly from suppliers, using paper-based RFPs, and enlisting brokers who negotiate by phone and e-mail.
World Energy has built its reputation providing a better way to procure energy, one that is technology-enabled, expertly designed to foster competition, and 100% performance-based – meaning if you don’t like the result, you don’t pay a dime. No wonder World Energy has helped customers transact over $40 billion in energy commodities, spanning electricity, natural gas, renewable energy, demand response, and green credits.
Using a variety of electronic tools, including forward, reverse and blind auctions, our flagship exchanges create a highly liquid and transparent marketplace for our customers to transact, meaning more competition for their business, greater cost savings, and more accountability and control throughout the process. With over 40,000 successful online pricing events to our credit and the industry’s most robust supplier network – over 500 strong – World Energy has transformed the normally complex procurement process into a powerful, streamlined vehicle for cost savings and budget certainty.
Why World Energy’s sourcing process makes sense:
- Electronic RFPs, simplified bidding and high close rates attract suppliers to World Energy-run pricing events. More supplier participation means more competition for your business. More competition = lower prices.
- The auction design and dynamic nature of the online events provide you and the suppliers real-time price discovery that exists nowhere else in the market. This helps bidders sharpen their pencils to win your business while allowing you to test various products and terms to find your sweet spot.
- Faster award times minimize supplier risk premiums, further cutting costs.
- World Energy sourcing events are fair, transparent and leave a “paper trail” no paper process could provide. All procurement information is captured on the World Energy platform and is available for your records.