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RTO Insider: Opposition Emerges to Southeast Energy Exchange Market

Posted by Rich Heidorn Jr. | RTO Insider on Mar 18, 2021

RTO Insider discussed rising opposition to the Southeast Energy Exchange Market (SEEM), mentioning AEE’s concerns around the potential trading platform. Read excerpts below and the full story here (sub req). The story was also covered by E&E News here (sub req).

Stakeholders told FERC Monday that the proposed Southeast Energy Exchange Market (SEEM) doesn’t go far enough to increase competition, asking the commission to require more transparency, broader governance and increased consumer protections…

SEEM members said their plan would reduce the “friction” in bilateral trading by using an algorithm to match buyers and sellers, eliminating transmission rate pancaking and allowing 15-minute energy transactions. (See Southeast Seeks FERC OK for Expanded Bilateral Market.)…

As proposed, membership in SEEM would be limited to those with a load-serving responsibility or serving an entity with that responsibility. Each of the members would have a seat on a Membership Board that would determine “all significant decisions,” while a revolving subset of four members would run the Operating Committee, responsible for overseeing the day-to-day operations.

But several organizations said FERC should force SEEM to open its membership and governance and require market monitoring…

EDF said FERC should require SEEM to provide monthly reporting of transaction details, open its Membership Board and Operating Committee meetings to the public and conduct further analysis on potential participation by demand response and distributed energy resources…

In a joint filing, Advanced Energy Economy, the Renewable Energy Buyers Alliance and the Solar Energy Industry Association said FERC should require that SEEM members adopt a pool-wide open access transmission tariff.

The groups added that membership should be open to any bulk power market participants and that FERC should consider other market options that “likely provide much greater cost savings.”

Read the full RTO Insider story here and by E&E News here (sub req).

Topics: AEE In The News