SEEM

Four Florida energy companies begin active energy trading on Southeast Energy Exchange Market platform

Retrieved on: 
Wednesday, June 28, 2023
Duke Energy, Participation, TECO Energy, Policy, Gainesville Regional Airport, Duke, Multimedia, European Union and its Member States — Certain Measures Relating to the Energy Sector, TW, Duke Energy Florida, SEEM, JEA, Cryptocurrency, Renewable energy

ATLANTA, June 28, 2023 /PRNewswire/ -- The Southeast Energy Exchange Market (SEEM) today announced that four Florida energy companies -- Duke Energy Florida, JEA, Tampa Electric Company and Gainesville Regional Utilities -- have initiated active energy trading, which now allows them to buy and sell power using the advanced SEEM platform.

Key Points: 
  • ATLANTA, June 28, 2023 /PRNewswire/ -- The Southeast Energy Exchange Market (SEEM) today announced that four Florida energy companies -- Duke Energy Florida, JEA, Tampa Electric Company and Gainesville Regional Utilities -- have initiated active energy trading, which now allows them to buy and sell power using the advanced SEEM platform.
  • Duke Energy Florida, JEA and Tampa Electric Company joined as Members of SEEM effective Jan. 1, 2023.
  • The SEEM platform facilitates automated, sub-hourly trading, allowing Participants to buy and sell power close to the time the energy is consumed, utilizing available unreserved transmission.
  • This advanced platform improves energy trading volumes, which will lower fuel costs for customers and reduce solar curtailments.

SEEM Board Meeting and Annual Meeting of Participants and Stakeholders to be held May 25

Retrieved on: 
Tuesday, May 16, 2023
LG&E and KU Energy, Member, TECO Energy, Santee Cooper, Multimedia, Duke Energy, TVA, Interest, FERC, Participation, Carolina Power & Light Company, LG&E, Dominion Energy, SEEM, Webcast, LG, Stakeholder, Online shopping, Renewable energy, JEA

ATLANTA, May 16, 2023 /PRNewswire/ -- The Southeast Energy Exchange Market (SEEM) will hold its Board Meeting and Annual Meeting of Participants and Stakeholders on May 25, 2023 at 3:00 pm ET.

Key Points: 
  • ATLANTA, May 16, 2023 /PRNewswire/ -- The Southeast Energy Exchange Market (SEEM) will hold its Board Meeting and Annual Meeting of Participants and Stakeholders on May 25, 2023 at 3:00 pm ET.
  • The entire meeting will be available through a live webcast of the conference call by clicking on the appropriate audio link.
  • The Stakeholders and Participants portion of the meeting will immediately precede the Members portion.
  • SEEM is a simple but powerful structure designed to facilitate intra-hour transactions utilizing unused transmission capacity to achieve cost savings.

Multiple Customers Go Live With the PCI SEEMTrader Platform for Autonomous Power Trading in the Southeast Energy Exchange Market (SEEM)

Retrieved on: 
Thursday, November 17, 2022
Other Energy, Utilities, Oil, Gas, Coal, Energy, Nuclear, Duke Energy Florida, Dominion Energy, API, Duke Energy, SEEM, Partnership, Carolina Power & Light Company, LG&E and KU Energy, Contact, TECO Energy, JEA, PCI, Norman, Oklahoma, Transport, TVA, UI, LG, LG&E, Santee Cooper, Risk management, Video game console

PCI SEEMTrader, an autonomous trading platform from PCI Energy Solutions , sprang into action at the first moment the Southeast Energy Exchange Market (SEEM) went live on Nov. 11, 2022.

Key Points: 
  • PCI SEEMTrader, an autonomous trading platform from PCI Energy Solutions , sprang into action at the first moment the Southeast Energy Exchange Market (SEEM) went live on Nov. 11, 2022.
  • Its an advanced and evergreen software that has been designed for modern user interface (UI) and user experience (UX).
  • Upon market clearing, SEEMTrader instantly computes the cost savings of the trades and provides real-time P&L performance feedback.
  • SEEM is a new market designed to enable the increased trading volumes necessary for the clean energy transition.

SEEM launches operations supporting enhanced energy trading

Retrieved on: 
Wednesday, November 9, 2022
Southern Company, TECO Energy, Carolina Power & Light Company, LG&E, Dominion Energy, TVA, MWS, Santee Cooper, View, LG, Today, SEEM, Multimedia, LG&E and KU Energy, Duke Energy, Renewable energy, JEA

The new SEEM platform will facilitate automated, sub-hourly trading, allowing participants to buy and sell power close to the time the energy is consumed, utilizing available unreserved transmission.

Key Points: 
  • The new SEEM platform will facilitate automated, sub-hourly trading, allowing participants to buy and sell power close to the time the energy is consumed, utilizing available unreserved transmission.
  • This advanced platform improves energy trading volumes, which will lower fuel costs for customers and reduce solar curtailments.
  • 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.
  • Four Florida energy companies - Duke Energy Florida, JEA, Seminole Electric Cooperative and Tampa Electric Company - have signed agreements to join as members of SEEM effective Jan. 1, 2023, and expect to initiate active energy trading in mid-2023.

SEEM to host onboarding webinar for new participants

Retrieved on: 
Wednesday, October 19, 2022
FERC, Interest, Multimedia, View, Online shopping, SEEM

ATLANTA, Oct. 19, 2022 /PRNewswire/ -- The Southeast Energy Exchange Market (SEEM) members will host an introductory webinar for entities interested in participating in SEEM.

Key Points: 
  • ATLANTA, Oct. 19, 2022 /PRNewswire/ -- The Southeast Energy Exchange Market (SEEM) members will host an introductory webinar for entities interested in participating in SEEM.
  • SEEM is a simple but powerful structure designed to facilitate intra-hour transactions utilizing unused transmission capacity to achieve cost savings.
  • SEEM follows all FERC-approved rules and requirements for existing bilateral markets today, but with additional data transparency and reporting to FERC.
  • The webinar will take place on the following date:
    The session will have time for questions and answers.

SEEM Expands to Include Florida Entities

Retrieved on: 
Tuesday, October 11, 2022
Duke Energy, SEEM, LG&E, Southern Company, Multimedia, LG, Carolina Power & Light Company, TECO Energy, LG&E and KU Energy, Santee Cooper, TVA, Dominion Energy, View, MWS, Renewable energy, JEA

ATLANTA, Oct. 11, 2022 /PRNewswire/ -- Four Florida energy companies have signed agreements to join as members of the Southeast Energy Exchange Market (SEEM), effective Jan. 1, 2023.

Key Points: 
  • ATLANTA, Oct. 11, 2022 /PRNewswire/ -- Four Florida energy companies have signed agreements to join as members of the Southeast Energy Exchange Market (SEEM), effective Jan. 1, 2023.
  • Duke Energy Florida, JEA, Seminole Electric Cooperative and TECO Energy recently expressed their intent to join the expanded platform and expect active energy trading in mid-2023.
  • "We welcome these Florida entities and continue on track with market trials to prepare for market launch in the coming weeks."
  • With the addition of these Florida companies, the SEEM footprint would include 23 entities in parts of 12 states with more than 180,000 MWs (summer capacity; winter capacity is nearly 200,000 MWs) across two time zones.

SEEM Selects Hartigen As Market Platform Provider

Retrieved on: 
Friday, December 10, 2021
MWS, Solution, Service, RFP, Technology, United States patent law, LLC, Multimedia, Goal, Policy, Carolina Power & Light Company, Duke Energy, TVA, LG, Automation, Maintenance, LG&E and KU Energy, Electricity, US, LG&E, Dominion Energy, Patent, SEEM, Rabigh 2 IPP, Santee Cooper, Online shopping, Renewable energy

ATLANTA, Dec. 10, 2021 /PRNewswire/ --The Southeast Energy Exchange Market (SEEM)member boardtoday approved a contract with Hartigen to build and deploy the SEEM Market Platform.

Key Points: 
  • ATLANTA, Dec. 10, 2021 /PRNewswire/ --The Southeast Energy Exchange Market (SEEM)member boardtoday approved a contract with Hartigen to build and deploy the SEEM Market Platform.
  • Hartigen is a technology solutions company that develops and configures power market software and has been instrumental in creating a tightly-integrated Market Platform that delivers flexibility, automation, transparency, and performance.
  • "Hartigen is a highly qualified vendor and SEEM members are excited to work with them to develop and implement the software platform on which SEEM will function.
  • Hartigen is well positioned to provide continued maintenance and support for the platform into the future."

Southeast electric providers receive approval from FERC for new energy market platform

Retrieved on: 
Wednesday, October 13, 2021
Southern Company, Federal Energy Regulatory Commission, Goal, Technology, SEEM, Dominion Energy, LG, Carolina Power & Light Company, Santee Cooper, LG&E and KU Energy, Duke Energy, Electricity, Multimedia, TVA, MWS, Wind, FERC, LG&E, Renewable energy, Public utility

ATLANTA, Oct. 13, 2021 /PRNewswire/ --The Southeast Energy Exchange Market (SEEM)memberstoday received clearance from the Federal Energy Regulatory Commission (FERC) for their proposed trading platform as a result of a 2-2 commission vote.

Key Points: 
  • ATLANTA, Oct. 13, 2021 /PRNewswire/ --The Southeast Energy Exchange Market (SEEM)memberstoday received clearance from the Federal Energy Regulatory Commission (FERC) for their proposed trading platform as a result of a 2-2 commission vote.
  • SEEM is a 21stcentury solution designed for the incredible pace of change resulting from the electricity sectorgrowing toward an ever-greener future.
  • Founding members of SEEM are expected to 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.
  • Some of these utilities will now make firm decisions about whether to commit as a result of the FERC approval.

Redeux Energy Announces Financial Backing and Plans to Develop Gigawatts of Utility-Scale Clean Energy Projects

Retrieved on: 
Wednesday, October 6, 2021
Goal, MISO, Cathexis, ESG, Mark (given name), Workforce, Transport, SEEM, LinkedIn, E3, AES, Crescent Point Energy, Twitter, CEO, Company, Natural Resources, Acquisition, Invenergy, Leadership, KPMG, ERCOT, COO, Industry, GLOBE, Renewable energy

DENVER, Oct. 06, 2021 (GLOBE NEWSWIRE) -- Redeux Energy Partners (Redeux or the Company), a developer of utility-scale, clean energy projects, today unveiled additional details about its capital backing, operations and plans to develop gigawatts of renewable energy and storage assets.

Key Points: 
  • DENVER, Oct. 06, 2021 (GLOBE NEWSWIRE) -- Redeux Energy Partners (Redeux or the Company), a developer of utility-scale, clean energy projects, today unveiled additional details about its capital backing, operations and plans to develop gigawatts of renewable energy and storage assets.
  • Redeux is executing a multi-state development plan, working with landowners to enhance their property value with clean energy solutions that can be co-located with existing farming, timber, ranching and resource extraction operations.
  • Redeux brings the talent, expertise and mix of both greenfield and brownfield development strategies to cost-effectively and efficiently site, permit and interconnect reliable, utility-scale, renewable energy projects.
  • To learn more about Redeux Energy or to get in touch, visit https://redeuxenergy.com or follow the Company on Twitter or LinkedIn .

Real-Time Power Markets Would Save Southeast Over $100 Billion

Retrieved on: 
Tuesday, September 28, 2021
Southeastern United States, EIM, FERC, American Council on Renewable Energy, ACORE, Carbon, SEEM, Federal Energy Regulatory Commission, RTO, Growth, Landfill gas emission reduction in Brazil, VCE, American Council, Electricity, Wind, Renewable energy

The report, Maximizing Cost Savings and Emission Reductions: Power Market Options for the Southeast United States , produced for ACORE by Vibrant Clean Energy (VCE), evaluates the SEEM framework in comparison to an optimal energy imbalance market (EIM) and regional transmission organization (RTO).

Key Points: 
  • The report, Maximizing Cost Savings and Emission Reductions: Power Market Options for the Southeast United States , produced for ACORE by Vibrant Clean Energy (VCE), evaluates the SEEM framework in comparison to an optimal energy imbalance market (EIM) and regional transmission organization (RTO).
  • The report finds that an EIM would save $111 billion by 2040, as compared to the SEEM framework, while an RTO would save $119 billion.
  • Additionally, the new modeling shows that the SEEM framework would reduce carbon emissions by 30% by 2040 compared to 2020 levels.
  • The VCE quantitative analysis follows an earlier ACORE report, Energy Market Design and the Southeast United States , which found that real-time, wholesale energy markets, particularly when paired with regionally planned transmission, are critical to accelerating the growth of renewable energy in the Southeast.