On February 12, 2021, utilities in the Southeast filed with the Federal Energy Regulatory Commission (FERC) for the approval to create a new electricity market called the Southeast Energy Exchange Market (SEEM).[1] SEEM would set up an automated trading platform to buy and sell excess wholesale energy every 15 minutes, with the aim to reduce costs to customers and boost renewable energy resources. The new electricity market is expected to increased carbon-free energy across the Southeast by making it easier for utilities to incorporate renewables while maintaining reliability. SEEM members include Southern Company, Dominion Energy, and Duke Energy.[2] In their filing with FERC, the utilities requested that the commission give stakeholders a 30-day comment period. The utilities also request that FERC fast-tracks its review of the proposal and decide by May 13, 2021. If the proposal is approved, the market would be operational by early 2022.

[1] https://southerncompany.mediaroom.com/2021-02-12-Southeast-electric-providers-submit-filing-with-FERC-for-proposed-advanced-bilateral-market-platform

[2] The full list of expected members is: 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, NCEMC, Oglethorpe Power Corp., PowerSouth, Santee Cooper, Southern Company and TVA.