SEEM seeks advance bilateral market expansion
The Southeast Energy Exchange Market (SEEM), a group of energy companies serving electricity customers across a wide geographic region in the nation’s southeastern region, is eyeing bilateral market expansion.
SEEM members have issued a request for proposals (RFP) to provide the initiative’s electronic platform. The goal is to identify a highly qualified vendor to develop and implement the software platform to go-live early in the first quarter of 2022 and provide continued platform maintenance and support.
Additionally, SEEM has requested the Federal Energy Regulatory Commission (FERC) grant approval of an automated, intra-hour energy exchange to lower costs to customers and optimize renewable energy resources.
The platform is expected to facilitate sub-hourly, bilateral trading while allowing participants to buy and sell power close to the time the energy is consumed – and serving as an extension of the existing bilateral market.
Associated Electric Cooperative, Dalton Utilities, Dominion Energy South Carolina, Duke Energy Carolinas, Duke Energy Progress, Georgia System Operations Corporation, and Georgia Transmission Corporation are expected to be among SEEM’s founding members.
The founding members represent nearly 20 entities in parts of 11 states with more than 160,000 MWs across two time zones. The companies serve the energy needs of more than 32 million retail customers.
