Wexford, PA, (PRWEB) October 18, 2008
Commercial DC ratepayers can leverage the District's $35 million in annual electricity spend to lower their electricity bills, thanks to the District of Columbia Municipal Aggregation Program (DC MAP). DC MAP is administered by the District Department of the Environment (DDOE) and has saved participants millions since it began in 2004. Now, commercial DC ratepayers again have the opportunity to participate in the latest round of DC MAP and save a significant amount of money.
The District has contracted Co-exprise, Inc., which also supported previous DC MAP initiatives, to provide energy procurement services, qualify electricity suppliers, and conduct on-line, reverse energy auctions. An online reverse auction is a real-time bidding process that allows energy suppliers to see their competitor's bids but not their names. Based on this real-time market feedback, the energy suppliers continue lowering bid prices until best market price is achieved.
"Simply put, there is no downside to this program," said George Hawkins, DDOE Director. "The District Government and local businesses can lower their operating costs simply by opting in."
"Co-exprise will reach out to multiple electricity suppliers and only the most competitive and qualified suppliers will participate on bid day," said Co-exprise Chief Executive Officer William Blair. "The result will be best market price and terms for the commercial interests involved."
DDOE will reach out to past DC MAP participants as well as invite new businesses to join the aggregation program such as universities and hospitals. The first information session will take place October 21, 2008 at 10 a.m., at the Frank D. Reeves Center second floor conference room, 2000 14th Street, NW.
To learn more, or to register for the information session, call DDOE's Energy Hotline at (202) 673-6750 or email ddoe.dcmap @ dc.gov.
Co-exprise, Inc., designs and leverages technology to accelerate and enhance the way organizations source everything from complex, direct materials to energy commodities.
Co-exprise MarketPlace delivers best market price procurement services for strategic commodities in a variety of market sectors including property management, health care, manufacturing, retail, government and education. For more information on Co-exprise and the DC MAP Energy Aggregation Program visit http://www.co-exprise.com.
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