Austin Energy uses World Energy Exchange for electricity purchase

The utility plans to retire its 358-megawatt Holly gas-fired power plant in 2007 and used the World Energy Exchange, an online auction platform, to find replacement supply for 2008-2010.

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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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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