Powering Strong Communities

JEA, Other Florida Utilities Sign Agreements to Join the Southeast Energy Exchange Market

Florida public power utility JEA and three other Florida utilities 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.

The new SEEM platform will facilitate sub-hourly, bilateral trading, allowing participants to buy and sell power close to the time the energy is consumed, utilizing available unreserved transmission. Participation in SEEM is open to other entities that meet the appropriate requirements.

Other 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, N.C. Municipal Power Agency No. 1, NCEMC, Oglethorpe Power Corp., PowerSouth, Santee Cooper, Southern Company and TVA.

With the addition of these Florida companies, the SEEM footprint would include 23 entities in parts of 12 states with more than 180,000 MW (summer capacity; winter capacity is nearly 200,000 MWs) across two time zones.