Abilene Independent School District Turns on Energy Savings With World Energy
Texas School System Lands 36-Month Electricity Contract, $1.4M in Savings
Through Competitive Online Auctions
ABILENE, Texas and WORCESTER, Mass., April 11, 2013 (GLOBE NEWSWIRE) -- World
Energy Solutions, Inc. (Nasdaq:XWES), a leading energy management services
firm and approved energy services provider in the TIPS/TAPS purchasing
program, today announced it has helped Abilene Independent School District
(AISD), a public school district serving over 17,000 students in Abilene and
Impact, Texas, successfully procure over 62 million kWh of electricity.
Through a series of online auctions run on the World Energy Exchange®, Abilene
ISD was able to test market prices for various electricity terms and products
in an efficient and transparent manner. In all, the competitive event
attracted twelve suppliers, who over the course of one hour submitted more
than 120 bids for AISD's business. The auctions resulted in a new 36-month
electricity contract that is expected to save the school district more than
$1.4 million. Delivery under the new contract terms begins in June 2014.
"With our existing electricity contract in force through May 2014, World
Energy helped us get aggressive and proactively price the market to find and
secure a great rate for our future energy needs," said Scott McLean, Associate
Superintendent of Operations, Abilene Independent School District. "World
Energy was able to attract a dozen energy suppliers to compete for our
business. Building on that participation, the transparency of the online
auction helped us see how the suppliers priced the various products and terms
we were interested in, while the structure of the auctions drove participants
to deliver their best prices.
"I really appreciate how transparent and data-driven World Energy's process
is. I saw every bid submitted by every supplier; could easily calculate
savings based on relevant comparisons; and had all the documentation on hand
at the conclusion of the auction to make a quick and informed buying decision.
In addition, we were able to leverage World Energy's TIPS/TAPS contracting
vehicle for this procurement, which made it easy for us to take our energy
requirements out to market. Previously we relied on energy brokers to forward
a recommendation to us without actually seeing for ourselves how the bids came
in. I can say with great confidence that World Energy's online auction process
is a big improvement and left no doubt decisions were made based upon actual
Added Brian Dafferner, Vice President of ERCOT at World Energy Solutions:
"Teaming with Abilene ISD to deliver great results for the school district is
an important win for World Energy and a bellwether procurement in the State of
Texas. The AISD electricity procurement showcases the power and value of our
online auction approach: twelve bidders, 120+ bids in one hour, total
transparency. That's a new paradigm for Texas energy buyers, one that should
shake up the status quo."
World Energy's Texas operations include offices in Dallas, Fort Worth, and
Houston, with additional sales personnel throughout the State. For more
information on how TIPS/TAPS and World Energy Solutions can help with your
next energy purchase, please contact Jon Dumas, Account Manager, World Energy
Solutions, at email@example.com or (713) 395-1990 ext. 204; or visit our
website at www.worldenergy.com/tipstaps-partnership/.
About World Energy Solutions, Inc.
World Energy Solutions, Inc. (Nasdaq:XWES) is an energy management services
firm that brings together the passion, processes and technologies to take the
complexity out of energy management and turn it into bottom-line impact for
the businesses, institutions and governments we serve. To date, the Company
has transacted more than $30 billion in energy, demand response and
environmental commodities on behalf of its customers, creating more than $1
billion in value for them. World Energy is also a leader in the global carbon
market, where its World Energy Exchange® supports the Regional Greenhouse Gas
Initiative (RGGI), the first mandatory market-based regulatory program in the
U.S. to reduce greenhouse gas emissions. For more information, please visit
This press release contains forward-looking statements that are subject to
risks and uncertainties that could cause actual results to differ from those
indicated in the forward-looking statements. Such risks and uncertainties
include, but are not limited to, the following: our revenue and backlog are
dependent on actual future energy purchases pursuant to completed
procurements; the demand for our services is affected by changes in regulated
prices or cyclicality or volatility in competitive market prices for energy;
the potential impact on our historical and prospective financial results of a
change in accounting policy may negatively impact our stock price; and other
factors outside our control that affect transaction volume in the electricity
market as well as our overall business. Additional risk factors are identified
in our Annual Report on Form 10-K and subsequent reports filed with the
Securities and Exchange Commission.
CONTACT: Dan Mees
World Energy Solutions, Inc.
Dian Griesel, Inc.
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