A dozen utilities and cooperatives in 11 Southeastern states are currently working together to form the Southeast Energy Exchange Market (SEEM), a new bilateral market that will provide an automated clearing engine to match bids and offers in 15-minute intervals. SEEM will increase the volume of real-time energy trades by using a zero-cost non-firm transmission product while meeting all transmission constraints. SEEM will also re-use the current infrastructure for bilateral transactions, namely enabling:
- Bilateral agreements
- e-Tag schedules
- Point-to-point transmission reservations
Planned for go-live in Q2, 2022, SEEM is projected to generate annual benefits around 40 M$/year.
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