World Energy Exchange is able to deliver the best possible price time and time again because it offers tremendous flexibility in terms of transaction methodologies and approaches to the market. This flexibility, coupled with advanced technology and a comprehensive end-to-end process, takes the guesswork and risk out of executing transactions and keeps our customers satisfied. World Energy Exchange is host to a number of transaction methodologies – such as reverse and forward auctions and post and respond – each one proven to create the right competitive market environment to meet customer needs. We work closely with customers to assess their needs and goals, then help them select the optimal method for achieving success. Additionally, it’s a simple matter to structure large loads into multiple tranches, run several auctions simultaneously, and test different terms and pricing mechanisms to create real-time, executable price discovery. The World Energy Exchange auction platform was designed from the ground up to support all the varied processes involved in buying and selling energy and energy-related products, including: - Bid placements
- Energy supplier registration and management
- Channel partner management
- Energy consumer management
- Deal process management
- Contract management
- Site management
- Automated production of audit book to support the transaction
- Collection and commission management
- Reporting
- Storage of current and historical data for all of these components
World Energy offers two categories of transaction methods: Anglo-Dutch forward and reverse auctions, and Post and Respond. While the underlying technology of World Energy Exchange drives these transaction processes, we understand that transactions are complex undertakings and that ultimately there are decisions that require human intelligence and consultation. Therefore, we have developed end-to-end processes that combine our advanced technology with specific market intelligence and the expertise of our market directors. At the start, we conduct customer identification and qualification to ensure that the customer’s needs will be best served by our platform. When it is ascertained that the Exchange can fulfill the customer’s goals, we make a determination as to which procurement method will produce the optimal result. So whether it’s an auction to get the best price at a single point in time, or post and respond to get the best price over time, we have a process that works for you. |
