ATLANTA, March 18, 2025/ PRNewswire/– The Federal Energy Regulatory Commission (FERC) has actually all verified its preliminary approval of the Southeast Energy Exchange Market (SEEM). SEEM improves the existing market structure by promoting competitors and enhancing energy resources to serve clients effectively.
As expert system and commercial development continue to drive unmatched need, SEEM offers an automatic platform for energy deals, enabling short-term deals throughout the area that may not have otherwise happened. SEEM makes it possible for energy from all sources to be priced relatively and dispatched efficiently.
An essential function of SEEM is its usage of otherwise unused transmission to allow short-term energy deals, which do not sustain transmission charges. This structure even more improves the benefits of an interconnected grid, providing expense savings and performance gains to clients. The SEEM market covers a lots states– from Florida to Missouri— and represents a combined generation capability of more than 180,000 megawatts, showing the power of local partnership benefiting countless clients.
” We value FERC’s thoughtful factor to consider and consentaneous assistance of this essential effort, “stated Lee Xanthakos, SEEM chairman and director of electrical transmission and system operations for Rule Energy South Carolina. “The ongoing focus from FERC on promoting competitors and making sure a dependable, inexpensive energy future for the Southeast is crucial to satisfying the area’s growing needs. The SEEM member business will continue collaborating to customize our arrangements as FERC has actually directed and keep SEEM moving on for the advantage of all clients.”
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SOURCE Southeast Energy Exchange Market
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