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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.

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

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