Dive Brief:
Utilities pursuing a centralized energy exchange market in the Southeast on Monday night filed an updated proposal with federal regulators, in an effort to provide more transparency on how the plan would work.
Duke Energy, Southern Company, the Tennessee Valley Authority and others are attempting to create a Southeast Energy Exchange Market (SEEM) that would extend the Southeast s current bilateral market, creating a 15-minute energy exchange intended to more efficiently use existing transmission. But the Federal Energy Regulatory Commission raised a number of questions over the proposal last month, and asked the utilities to come back with more details on how the market would improve existing energy transactions in the region, and to provide more transparent details on the proposal.
A complaint seeking action that could invalidate PJM Interconnection s approval of Dominion Energy s decision to pull nearly 17 GW of resources and load from the capacity market will not be acted upon ahead of the long-awaited May 19 resumption of PJM s annual capacity auction, potentially throwing into question the finality of the upcoming auction s results.
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The Federal Energy Regulatory Commission issued a notice May 14 setting a May 27 deadline for comments on the emergency complaint (EL21-72) filed by LS Power Development and its affiliate Doswell Limited Partnership. The commission will have to take any comments filed up and to that date into consideration before issuing an order on the matter.
Dive Brief:
Many questions remain unanswered on a proposal by Southeast utilities to form a centralized energy exchange market, stakeholders said in comments filed with federal regulators on Monday, including if it will facilitate more competition, or instead allow utilities to strengthen their position in the region.
Duke Energy, Southern Company, Dominion Energy and 12 other utilities filed a proposal with the Federal Energy Regulatory Commission in February, asking the commission to approve a Southeast Energy Exchange Market (SEEM). But the clean energy industry questioned whether it will allow more zero-emissions resources to compete in the marketplace, and asked FERC to ensure proper regulatory structures are in place before any such proposal is approved.