Austin Energy uses World Energy Exchange for electricity purchase
Austin Energy, a community-owned electric utility and an Austin, Texas city department, has purchased 664.8 million kilowatt hours of on-call electricity supply using the World Energy Exchange.
Historically, Austin Energy has used a paper-based request-for-proposal process to purchase electricity supply, which often required several months to complete. The time delay in this process has a negative effect in achieving a lower price because suppliers build in ‘risk premiums’ for potential changes in
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