November 12, 2008
Media Alert – World Energy to Speak at International Carbon Action Partnership Event on Auctioning Carbon Allowances
WASHINGTON and WORCESTER, MA, Nov. 12 /PRNewswire-FirstCall/ -- World Energy Solutions, Inc. (TSX: XWE), an operator of online exchanges for energy and green commodities, today announced it will speak at the International Carbon Action Partnership (ICAP) event, "Auctioning Carbon Allowances - Towards Robust Auction Design and Implementation," on November 14th in Washington, D.C.
Who: Jonathan Harvey, Vice President, Government, World Energy
What: Based on World Energy's experience administering America's first carbon-emissions allowances auction for the Regional Greenhouse Gas Initiative (RGGI), Jonathan Harvey will participate in the panel, "Options for Auction Design," exploring carbon cap and trade auction specifics from programs around the world.
When: The ICAP event takes place on Friday, November 14, 2008, 7:30 a.m. - 6:15 p.m. The "Options for Auction Design" panel is slated to run from 10:45ÃÆÃ“Ã“ a.m. - 12:30 p.m.
Where: Renaissance M Street Hotel, 1143 New Hampshire Ave. NW, Washington D.C.
Why: As world carbon-compliance markets continue to develop and evolve, interest in auctioning credits - versus allocating them for free - is on the rise. This ICAP event brings together environmental, governmental and auction-technology/process experts from around the globe to examine the strategic role auctions play in current carbon-emissions cap and trade systems and opportunities for the future.
ICAP is a partnership of countries and regions actively pursuing the development of carbon markets through implementation of mandatory cap and trade systems. The organization's goal is to contribute to the establishment of a well-functioning global cap and trade carbon market.
More information on ICAP's "Auctioning Carbon Allowances - Towards Robust Auction Design and Implementation" can be found here: http://www.icapcarbonaction.com/docs/ICAP_conference_program_auctioning.pdf
About World Energy Solutions, Inc.
World Energy (TSX: XWE) operates online exchanges for energy and green commodities. For buyers and sellers of electricity, natural gas, capacity, and green - energy assets who are impacted by today's volatile markets, World Energy's proven approach has transformed the normally complex procurement process into a powerful, streamlined vehicle for cost savings. In addition to enabling customers to seek competitive pricing on traditional energy commodities, World Energy is taking a leadership position in the emerging environmental-commodities markets. To date, the company has transacted nearly one billion kWh of green power and Renewable Energy Certificates (RECs) as well as a variety of mandatory and voluntary carbon credits. Its award-winning World Green Exchange(R) powers the ground-breaking Regional Greenhouse Gas Initiative's (RGGI) cap and trade program for CO2 emissions. 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, [email protected]; or Craig Armitage, The Equicom Group,(416) 815-0700 x 278, [email protected]; Media Relations, Dan Mees,World Energy Solutions, Inc., (508) 459-8156, [email protected]