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New Britain, Connecticut Leverages Proven World Energy Exchange to Save on Electricity Costs

Posted on: Wednesday, 5 December 2007, 09:00 CST

WORCESTER, MA, Dec. 5 /PRNewswire-FirstCall/ -- World Energy Solutions, Inc. (TSX: XWE), the operator of leading online exchanges for energy and energy-related products, today announced New Britain, Connecticut has completed its first auction on the World Energy Exchange. Following the State government's recent success with the World Energy Exchange, New Britain was able to save a projected 15 percent on electricity costs for 2008 by leveraging World Energy's proven online auction platform.

New Britain Auction Highlights: - Secured a 19 month fixed price contract allowing New Britain visibility into cost through the end of the current and next fiscal years - Achieved fixed budget goals and saved $330,000 over projected electricity costs - The contract was awarded by Mayor Timothy Stewart who presided over the results on the day of his inauguration Commentary & Quotes: Bob Curry, Director of Finance, New Britain

"As energy costs continue to escalate, our organization sought to procure energy at a price that could meet our immediate and long term budget needs. By capitalizing on the transparency and efficiency of the World Energy Exchange we were able to achieve long term budget certainty and deliver the cost savings required."

Phil Adams, President and COO, World Energy

"Traditional energy procurement methods rarely deliver the cost savings state and local government agencies demand. By accessing World Energy's market experts and transparent online platform, our customers including the State of Connecticut and its local governments such as the City of New Britain are leading the way in practicing innovative energy procurement strategies."

About World Energy Solutions, Inc.

World Energy operates leading online exchanges for energy and energy-related products. Our proven approach provides market intelligence, promotes liquidity, and creates price transparency for all market participants, enabling our customers to transact with confidence and to seek the best possible price. To date, the company has transacted over 40 billion kWh of electricity, 700 million kWh of green power and Renewable Energy Certificates (RECs) and one trillion cubic feet of natural gas. For more information, please visit http://www.worldenergy.com/.

This press release contains forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to: our revenue is dependent on actual future energy purchases pursuant to completed procurements; the demand for our services is affected by changes in regulated prices or cyclicality or volatility in competitive market prices for energy; we depend on a small number of key energy consumers, suppliers and channel partners; there are factors outside our control that affect transaction volume in the electricity market; and there are other factors identified in our Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission.

World Energy Solutions, Inc.

CONTACT: Investor Relations, Phil Adams, World Energy Solutions Inc.,(508) 459-8100, padams@worldenergy.com; or Craig Armitage, The Equicom Group,(416) 815-0700 x278, carmitage@equicomgroup.com; Media Relations, JulieCrotty, Horn Group, (781) 356-7100, jcrotty@horngroup.com

Source: PRNewswire-FirstCall

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