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News and Events:
October 15, 2006
Global and World Energy convened the first meeting of the
Oregon Energy Exchange (OEE)
It is a a statewide aggregation for the competitive procurement
of electricity and natural gas. Currently leading the nation
in energy procurement with over 23,000,000,000 kWh of electricity
and 50,000,000,000 cubic feet of natural gas, (read
more)
About OEE
The Oregon Energy Exchange
(OEE) Team
A recent survey of leading economists ranked energy and security
as the two leading sectors threatening the very sustainability
of our national communities. In 2004, Leland Consulting Group
(LCG) determined that World Energy had the resources and proven
capabilities to aggressively represent its public and private
sector clients in one critical area – energy procurement.
Due to successful efforts in Maryland and Massachusetts, LCG
Principals formed Global Energy Advisors, a company dedicated
to advancing the World Energy program throughout deregulated
markets.
The Power Behind
OEE
On March 23, 2006, Global and World Energy convened the first
meeting of the Oregon Energy Exchange (OEE), a statewide aggregation
for the competitive procurement of electricity and natural
gas. Currently leading the nation in energy procurement with
over 23,000,000,000 kWh of electricity and 50,000,000,000
cubic feet of natural gas, World Energy will power OEE through
a combination of proprietary market intelligence, Internet-based
procurement technology, and a “Best Practices” process that
has recently been endorsed by the National Association of
State Chief Administrators as their leading spend management
programs across all categories. Procuring over $1,200,000,000
in electricity and natural gas, World Energy’s 100% Sarbanes-Oxley
transparent and auditable has saved its public and private
sector clients over $125,000,000 through protest-free transactions.
OEE and the Oregon Energy Market
– Opportunities to Manage Risk and Gain Budget Certainty
We are all aware that energy markets, like most commodity
markets, can move in one of three ways - up, down or sideways.
The Oregon electric market, in particular, presents an interesting
opportunity to manage this risk now. Pending approval, the
electric market will open (referred to as Direct Access) again
this Fall and, as was the case last year, for a limited one-week
period in November. Market openings create 'windows of opportunities'
allowing customers to 'shop' for a best price. This year's
shopping window is of particular importance primarily due
to the fact that the two utilities offering their customers
the right to shop, PGE and Pacific Power, have both filed
with the State for rate increases. PGE is seeking a price
increase of approximately 9% starting in 2007 and Pacific
Power recently filed a request for an overall increase of
13.2%. Both of these increases require the approval of the
Oregon Public Utilities Commission. Can you afford to wait
in anticipation that the PUC does not approve the proposed
increases? Can you afford the budget uncertainty of remaining
on the Standard Utility Rate only to see energy prices increase?
During the upcoming November shopping window, OEE Members
will be ready to shop for the lowest fixed prices available
and pass any upside risk on to a supplier prior to the aforementioned
rate increases. Through the World Green Exchange, OEE will
also help Members meet their green power goals With contract
terms available for one, two or three-year periods, imagine
having budget certainty and accuracy for the next three years.
Now is the time to act for the November opening. Required
due diligence is straightforward. A bit of effort producing
potentially significant results.
Consider the Opportunities—Join
the OEE Aggregation |
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