Feel launches operations supporting enhanced energy trading

Feel launches operations supporting enhanced energy trading

The Southeast Energy Exchange Market( SEEM) moment blazoned it has initiated operations, which now allows actors to buy and vend power using the advanced SEEM platform.

PRNewsfoto/ Southeast Energy Exchange Market)

” moment marks a significant corner for SEEM following months of medication for this first of its kind energy request in the region,” said Noel Black, Southern Company’s elderly vice chairman of governmental affairs.” The SEEM platform will help save guests plutocrat and better integrate renewable coffers, while icing all guests across the region realize the pledge of renewables.”

SEEM is a unique approach to enhancing the being bilateral request. The new SEEM platform will grease automated,sub-hourly trading, allowing actors to buy and vend power close to the time the energy is consumed, exercising available unreserved transmission. Participation in SEEM is open to any reality that meet qualifying conditions.

SEEM is a 21st- century result designed for the inconceivable pace of change performing from the clean energy transition. This advanced platform improves energy trading volumes, which will lower energy costs for guests and reduce solar curtailments.

launching members of SEEM include 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,N.C. Municipal Power AgencyNo. 1, NCEMC, Oglethorpe PowerCorp., PowerSouth, Santee Cooper, Southern Company, and TVA.

Four Florida energy companies- Duke Energy Florida, JEA, Seminole Electric Cooperative and Tampa Electric Company- have inked agreements to join as members of SEEM effectiveJan. 1, 2023, and anticipate to initiate active energy trading inmid-2023.

With the addition of these Florida companies, the SEEM footmark would include 23 realities in corridor of 12 countries with further than,000 MWs( summer capacity; downtime capacity is nearly,000 MWs) across two time zones. These companies serve the energy requirements of further than 36 million retail guests( nearly 60 million people).

SOURCE LINK: https://www.southerncompany.com/

Share your love

Leave a Reply

Your email address will not be published. Required fields are marked *