World Energy Exchange completes wholesale electricity auction

US-based brokerage World Energy Solutions has completed its second auction via its online auction platform World Energy Exchange. Austin Energy, a community-owned electric utility and an Austin, Texas, city department, purchased 664.8 million kilowatt hours of on-call electricity supply using the platform. The utility plans to retire its 358 megawatt Holly gas-fired power plant this year and used World Energy Exchange to find replacement supply for 2008-2010.

"With our second wholesale auction

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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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