26 Feb 2002 – Eutilia, the independent global marketplace for the utility sector – backed by 11 of Europe’s largest utility companies – today officially launched its integrated full-service tools for effectively optimising utility sourcing projects – Sourcing Optimisation Services (SOS).

During its first six months of controlled expansion – working with both buyers and suppliers – Eutilia has managed tenders with a net worth of well over half a billion Euro. So far, Eutilia has run well over 100 auctions with an average of seven bidding suppliers per auction. Eutilia is now offering a full range of services for buying, selling and supply chain management. Eutilia claims that it has helped businesses save up to 30 per cent on procurements.

Consisting of four components – Supplier Scan, Pre-Qualification, e-Tendering and e-Auctions, – the SOS process aims to save utilities and their suppliers both time and money. These services support and reinforce the EU’s tender fundamentals of market transparency and equality. In December 2001 the European Commission cleared the creation of Eutilia. The Competition Directorate-General considers Eutilia to be supporting fair business practices and to be encouraging competition.

Eutilia seeks to achieve benefits for both buyers and suppliers. Buyers get access to a global market – both in terms of volume and geography. Potential sources of supply are found in one place reducing costs. Procurement spending is reduced via a tender process that is fast, effective and integrated into the supply chain. Suppliers gain access to a large community of buyers in the utility sector with minimal marketing and administrative costs, providing a greater number of new business opportunities.

Wim Rietveld, Chief Executive Officer, said, “I am delighted that Eutilia, after proving itself over the last year, is now ready for a full commercial launch of this valuable range of Sourcing Optimisation Services. Our innovative use of technology combined with our in-depth experience of the utility sector and its procurement systems has enabled us to help buyers and suppliers reduce their costs whilst, at the same time, allowing access to larger markets. This has been underpinned by our total commitment to neutrality and security. Eutilia clearly demonstrates the combined power of technology and knowledge in the utility marketplace”.

Eutilia is based in Leiden, The Netherlands and is backed by 11 of Europe’s largest utility providers: Electrabel (Belgium), Electricite de France (France), Endesa (Spain), ENEL (Italy), Iberdrola (Spain), National Grid (UK), Nuon (The Netherlands), RWE (Germany), Scottish Power (Scotland), United Utilities (UK) and Vattenfall (Sweden).