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Energy.com Putting RFP System on the Web

Energy.com Putting RFP System on the Web

Energy.com Corp. of Columbus, OH, is preparing to launch eBID, an on-line Request for Proposal (RFP) system through its web site at www.energy.com. The web-based interactive RFP process will allow commercial and industrial businesses to shop for the best energy source on-line. Energy.com's eBID is scheduled to launch later this month.

The electronic bidding system will allow commercial and industrial businesses to define their energy requirements and preferences once, while submitting their requests for competitive bids to either one or multiple energy suppliers. This process also allows energy marketers to cost-effectively respond to these commercial and industrial customers through the same interactive on-line system. By enabling energy marketers to respond to thousands of requests using fewer resources, eBID will help these marketers to expand their markets while enhancing margins.

"Downward pressure on margins is making it extremely difficult for many energy marketers to justify their businesses. The Internet allows progressive marketers to rethink the way they approach the market, enhance margins and increase profitability," said Thomas L. Ulry, president of Energy.com Corp.

"Historically, the competitive bid process for energy has been time-consuming and labor intensive for both the consumer and energy marketer. eBID allows consumers to better control the materials received by energy marketers and make the evaluation and selection process easier," said Kathryn J. Hughes, Energy.com product manager.

Energy.com is negotiating with energy marketers and anticipates executing several contracts prior to eBID's launch. Additional energy suppliers will continue to be added following the product launch.

"The geographical reach of the marketers anticipated for the launch of eBID will allow Energy.com to launch eBID throughout the Midwest in a first phase. We intend to expand to a national offering soon thereafter. Each supplier added will expand our market presence," said Ulry. "Additionally, participating marketers will be offered the opportunity to license eBID for use on their own web sites."

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