MEAG Power Formally Joins Southeast Energy Exchange Market

January 18, 2022

by Paul Ciampoli
APPA News Director
January 18, 2022

The Municipal Electric Authority of Georgia (MEAG Power), a nonprofit, statewide generation and transmission organization, has joined the Southeast Energy Exchange Market (SEEM) effective Jan. 13, 2022.

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

Santee Cooper, South Carolina’s state-owned electric and water utility, joined SEEM effective Jan. 4, 2022.

The founding members represent nearly 20 entities in parts of 11 states with more than 160,000 megawatts (MW) (summer capacity; winter capacity is nearly 180,000 MW) across two time zones. These companies serve the energy needs of more than 32 million retail customers.