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News 2005

 

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Energy Knowledge Group
www.worldenergy.com

Donnie Herrin
972-733-6838


FOR IMMEDIATE RELEASE
Energy Knowledge Group Partners with World Energy to Offer Award-Winning On-line Energy Procurement Solutions

DALLAS, TX, September 1, 2005 – Energy Knowledge Group (EKG) is changing the way businesses in deregulated states procure electricity and natural gas. EKG announces that it has become a licensed, full-seated broker on the World Energy Exchange, an award–winning, Internet-based reverse energy auction platform. The World Energy Exchange leads the North American market in on-line procurement of energy, with over 65% of market share. More than 11 billion kWh of electricity and 34 billion cubic feet of natural gas have been procured using the Exchange for some of North America’s largest commercial, industrial and government customers, as well as for distribution companies purchasing standard offer load.

EKG offers the World Energy Exchange and its underlying market intelligence and processes primarily to Texas, Oklahoma, Georgia, Florida and Kansas commercial and industrial businesses and political subdivisions. Using the Exchange, qualified electricity and natural gas suppliers compete against one another to secure the buyer’s business using a structured and transparent reverse auction platform. Throughout the auction, natural marketplace competition pushes prices progressively lower, with winning bidders agreeing to provide the power needed at the price determined by the auction's results. Typical customer savings that accrue in energy savings from use of the Exchange’s reverse auction range from 5-30 percent. One national supplier recently stated that the World Energy Exchange is “brutally efficient at squeezing margins to the bare minimum.”

Using the Exchange platform, EKG can match commercial and industrial as well as government buyers with suppliers and automate the complex steps required to purchase gas and electricity in today’s market.

The system uses up-to-the-minute market pricing information and forecast data, along with the buyer’s energy usage data, to create bid requests, solicit competitive bids from qualified suppliers, evaluate the bids and select the optimal sources with whom to contract based on bid results. Extensive automation including date and time stamping of bids, and automated stop times ensure the integrity of auction events and creates audit trails and a self-documenting capability essential to Sarbanes Oxley compliance. The system’s Web-based Portfolio Management software allows customers to view energy contracts, site and account information, reports and monitor consumption and contract performance.

About Energy Knowledge Group (EKG)
Energy Knowledge Group (EKG) is a full services energy company with expertise in all phases of the retail energy value chain...energy procurement, data acquisition and energy information services, demand-side measures and managed services. EKG is based in Dallas, Texas and is registered with the Public Utility Commission of Texas as a certified Aggregator (#80074).
About World Energy (www.worldenergy.com)

About World Energy
World Energy, based in Worcester, Massachusetts, is the market leader in energy information and on-line procurement, delivering the intelligence and tools buyers need to drive confidence up and costs down. With over 65% market share in on-line procurement, World Energy has procured 11 billion kWh of electricity and 34 billion cubic feet of natural gas for some of the largest and most sophisticated commercial, industrial and government customers. Using sophisticated technologies and deep knowledge of deregulated energy markets, World Energy is able to deliver the lowest pricing available in the market. More information about World Energy Solutions, Inc. can be found at www.worldenergy.com.

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