Pittsburgh, PA (PRWEB) February 25, 2009
CX Energy MarketPace, an energy management company and a business unit of Co-eXprise Inc., has signed an agreement to provide its strategic energy sourcing process to Carnegie Mellon University to help the University realize savings in its electricity purchases.
The project calls for an energy aggregation of five meters totaling 98,452 MWh's, with a contracted volume of 404,000 MWh's over four years. The contract also includes ten percent Pennsylvania Tier 1 Green Energy Credits.
Specifically, CX Energy will deliver program and data management, real time Internet negotiation/auction technology, legal review and energy market analysis. CMU anticipates the university will realize best contract terms and market price that is 5 to 10 percent better than current energy procurement practices.
CX Energy MarketPlace addresses the challenges surrounding energy procurement for both conventional and green power and has proven to deliver real value and enhance healthcare customers' profit and loss statements.
During the energy procurement process, both CX Energy and CMU are supplier-neutral. All supplier bids are immediately contractible, enabling the customer to quickly award energy contacts and lock-in best market price. CX Energy's sourcing processes also define the organization's energy spend and bid parameters, which reduces risk for suppliers and drives aggressive competition. CX Energy will also evaluate and negotiate contract and energy product variables that might otherwise cause confusion or hinder a fair bid comparison. As a result, CMU can fairly evaluate suppliers and the procurement process is compliant with procurement regulations and procedures.
About CX Energy MarketPlace:
CX Energy MarketPlace provides a totally transparent and comprehensive sourcing approach to managing an organization's individual or consortium energy requirements. This is accomplished by leveraging the technology of the parent company, Co-eXprise, Inc., which includes both manual and online auction bid capabilities to achieve best market price and terms for each and every one of its customers. CX Energy MarketPlace also includes a team of legal, energy, risk management, and strategic procurement professionals, collectively representing over 200 years of experience. CX Energy market segments include data centers/telecommunications, property management, health care, government, education, industrial/manufacturing and retail.