The Energy Authority (TEA) and Florida Municipal Power Agency recently initiated a partnership for TEA to provide FMPA with load forecasting, portfolio management, and mid-term trading services.
FMPA is an Orlando-based wholesale power agency owned by 31 municipal electric utilities in Florida.
“By utilizing TEA’s market knowledge and access to the southeast wholesale power market, FMPA will provide its members risk-based solutions and enhance the value of our relatively large fleet of low-cost natural gas generation,” FMPA said.
“We are pleased to partner with TEA to expand our services and bring even more affordable power to our customers,” said FMPA General Manager and CEO Jacob Williams. “We look forward to this partnership and the value it will bring to our communities.”
The Energy Authority, Inc. is a public power-owned portfolio management, energy trading, and advanced analytics company.
TEA currently works with over 60 public power utilities nationwide to help them optimize the value of their generation and load portfolios in wholesale energy markets in a manner consistent with each utility’s unique risk tolerances.
