Southeast Energy Exchange Market seeks FERC approval for energy exchange
Southeast Energy Exchange Market (SEEM) members are seeking approvals from the Federal Energy Regulatory Commission (FERC) for an automated, intra-hour energy exchange that would lower costs for customers and optimize renewable energy resources.
This new SEEM platform will facilitate sub-hourly, bilateral trading, which will allow participants to buy and sell power close to the time the energy is consumed. This will utilize available unreserved transmission, and the result will include cost savings and improved integration of all energy resources, including renewables. This, in turn, will lead to a cleaner, more robust electricity system.
SEEM members will demonstrate the benefits of the proposed market design and for interested parties to provide feedback and comments for FERC to consider.
The members of SEEM are Associated Electric Cooperative, Dalton Utilities, Dominion Energy South Carolina, Duke Energy Carolinas, Duke Energy Progress, Georgia System Operations Corporation, Georgia Transmission Corporation, LG&E and KU Energy, MEAG Power, NCEMC, Oglethorpe Power Corp., PowerSouth, Santee Cooper, Southern Company, and TVA. These members come from entities 11 different states and produce more than 160,000 MWs across two time zones. Further, they serve more than 32 million retail customers or roughly 50 million people.
Participation in SEEM is open to other entities that meet the appropriate requirements.
