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EMEX forms new division to offer 'new way' to procure energy supply

EMEX LLC, an energy consulting and risk management firm, has formed a new division that will service local distribution companies, municipally owned utilities and large industrial consumers in procuring electricity and natural gas supply.

Mike Nemer will serve as COO of the new division, dubbed EMEX Utility Group. Nemer is currently a managing partner of Commodities Prime Services.

"We are uniquely positioned in this marketplace to offer a compelling new way to buy & sell system gas and electricity through our reverse auction platform, which should provide tremendous value to EUG customers and rate payers in regulated energy markets," EMEX President and COO Dan Marzuola said in an April 3 statement.