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A reliability assessment of the nation’s electrical grid shows increasing potential for blackouts during heat waves. Federal lawmakers are taking notice of the risk.
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New Southeast energy exchange adds value
By Nelson PeelerSenior vice president of transmission and fuels strategy and policy
A group of energy companies serving electricity to roughly 50 million people across a wide footprint in the Southeast have come together to propose the creation of a centralized, automated, intra-hour energy exchange. This platform aims to lower costs to customers and optimize renewable energy resources.
SEEM is a 15-minute energy market, the first of its kind for the region, that will use technology and advanced market systems to automatically find low-cost energy to serve customers across a wide geographic area.
If approved, the new Southeast Energy Exchange Market (SEEM) platform will facilitate sub-hourly, bi-lateral trading, allowing participants to buy and sell power close to the time the energy consumed utilizing available unreserved transmission. The exchange is an extension of the existing bi-lateral market.