After a seamless go-live, SEEMTrader is now being leveraged by multiple customers to optimize generation cost diversity and free transmission across the entire SEEM footprint, and cost savings from the first few days of operation have proved to be significant.
“SEEMTrader is a product of PCI’s deep experiences in generation asset optimization and our mission to help customers maximize the value of their assets,” said Buck Feng, PCI’s chief technology officer. “It’s an advanced and evergreen software that has been designed for modern user interface (UI) and user experience (UX).”
Market clearing in SEEM takes place every 15 minutes. With SEEMTrader, market participants save time by automatically creating and submitting bids and offers 24/7. SEEMTrader’s advanced optimization engine and customizable trading strategies provide a competitive advantage to identify the capabilities of the portfolio, formulate bids and offers that reflect the latest system conditions, and automatically submit them for each interval in real-time.
Upon market clearing, SEEMTrader instantly computes the cost savings of the trades and provides real-time P&L performance feedback.
SEEMTrader is a highly available and performant cloud-native trading platform with rapid deployment capability. It provides customers with out-of-the-box system integration features, including a set of APIs to integrate with various external systems and in-house applications such as spreadsheets.
Customers minimize market go-live risk with fast onboarding, 24/7 support, regular updates and improvements, and PCI’s unwavering commitment to customer success.
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SEEM is a new market designed to enable the increased trading volumes necessary for the clean energy transition. Founding 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 Agency No. 1, NCEMC, Oglethorpe Power Corp., PowerSouth, Santee Cooper, Southern Company, and TVA. In addition, Duke Energy Florida, JEA, Seminole Electric Cooperative, and Tampa Electric Company have also joined SEEM and expect to begin trading in 2023. Together, these companies serve the energy needs of more than 36 million retail customers (nearly 60 million people). Learn more at southeastenergymarket.com.