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Auction nets Northwest electric utility price discovery and savings
Courtesy of World Energy Solutions, Inc.
The Situation
- Customer wasn’t impressed with the response he was receiving from the market, so he called up World Energy to help secure pricing.
World Energy Action
- World Energy took the product to auction and recommended an aggressive Opening Price, which helped set bidders’ expectations in a market that was not very transparent.
Result
- The auction results beat the price the customer was getting by 30%.
Customer Quote
- “It was a very successful auction for us. Based on the experience, I will use your platform in the future when opportunities arise.”
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