Using the automated, online PowerQuote® energy sourcing tool, buyers take control of energy supply procurement decisions by specifying their facility energy needs and comparing offers, apples to apples. The tool helps energy buyers identify and select quality energy supply sources via an open-book, objective, Web-based procurement process. It quickly creates accurate, needs-based requests for quotation, solicits competitive bids from multiple, qualified energy suppliers, and via a reverse auction, identifies the best supplier with which to contract. Benefits: Reduced time. We accelerate the processes of understanding deregulated markets, identifying suppliers and their offerings, contacting and discussing needs with suppliers, developing requests, and converting offers to a comparable basis enabling buyers to take advantage of often fleeting market windows of opportunity. Reduced complexity. We simplify and automate the process of issuing Requests for Quotation (RFQs) and selecting a supplier. Reduced effort. The streamlined process enables buyers to concentrate on multiple, concurrent opportunities. Automated features allow buyers and suppliers to spend a minimum of time on the Web site. Reduced cost. Buyers pay nothing out of pocket and can save thousands, even millions of dollars in energy supply costs and procurement costs. Reduced risk. The buyer's only commitment is to negotiate, in good faith, a service agreement with the winning supplier if their stipulated price is met.

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