Clean Energy Groups Call for FERC to Reject Southeast Energy Exchange Market Proposal
Monday, 16 September 2024, 02:50
Background on Southeast Energy Exchange Market
The Southeast Energy Exchange Market (SEEM) has garnered attention from various stakeholders concerned with clean energy developments. Recently, clean energy groups raised alarms over the market's financial implications, particularly in light of the reported figures for 2023.
Financial Analysis of SEEM
- SEEM Benefits: In 2023, the exchange produced $3.7 million in benefits.
- Administrative Costs: However, these gains were overshadowed by $4.3 million in administrative expenditures.
- Overall Viability: The net impact raises critical questions about the market's long-term sustainability and its ability to support clean energy initiatives.
Stakeholder Reactions
In light of these findings, various groups are urging the Federal Energy Regulatory Commission (FERC) to take a closer look at the SEEM. They argue that the market, as currently structured, may not be conducive to advancing clean energy objectives.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.