• 1,069 TWh Energy Demand
  • 292.2 GW Installed Capacity
  • 11 % Renewable Share

Southeast

The Southeast region is assumed to be comprised of all or parts of Kentucky, Tennessee, the Carolinas, Louisiana, Mississippi, Alabama, Georgia, and Florida. The region is dominated by large, vertically-integrated utilities (Southern Co., Duke Energy Corp., and Tennessee Valley Authority) with a history of self-build as the primary buyers and suppliers of power, with no significant plans to implement an organized market in the foreseeable future.

Market Design

How is the market structured?

The Southeast has a vertically integrated electricity market. Independent power producers may provide power to incumbent utilities under power purchase agreements.

The Southeast covers all or a portion of Florida, Georgia, Alabama, Mississippi, North Carolina, South Carolina, Missouri and Tennessee.

State Public Service/Utility Commissions are responsible for setting electricity rates. Nodal pricing does not exist in the Southeast.

There is no liquid market for buyers to hedge price risk in the Southeast.

Consumers receive power from their local utility (the utility covering the geographic area in which the load is located).

Retail choice is not available in the Southeast.

In general, a bill can be broken into three components: generation, transmission and distribution. In a vertically integrated market, these costs reflect the local cost of the utility.

A REC (Renewable Energy Certificate) tracking system has not been adopted in most Southeast states. Generators located anywhere in the U.S. or Canada may register with the North American Renewables Registry. Renewable generation may also be eligible for certification and tracking in regions outside of the Southeast.

Within North Carolina, the North Carolina Renewable Energy Tracking System (NC-RETS) is used to track generation ownership and attributes. Mississippi and Missouri participate in the Midwest Renewable Energy Tracking System (M-RETS).

How are RECs (Renewable Energy Certificates) procured?  Long-term contracts. Most Southeast states have not adopted renewable energy goals.

Are renewable Power Purchase Agreements (PPAs) available? Yes

Are Green Tariffs available? Green tariffs are available in Georgian, North Carolina and Missouri.

System Operators:

  • Florida Reliability Coordinating Council, Southeastern Electric Reliability Corporation.

Key Government Departments:

  • State energy departments which oversee policy related to power markets within their state.
  • Public Service/Utility Commissions which regulate and oversee the electricity industry in their state.

Regulators:

  • The Federal Energy Regulatory Commission (FERC) is the federal agency that regulates the transmission and wholesale sales of electricity in interstate commerce.
  • The North American Electric Reliability Corporation (NERC) is a not-for-profit international regulatory authority whose mission is to assure the reliability and security of the bulk power system in North America.
  • Total Capacity
  • Total Generation
US Energy Information Agency, 2019

Total
Capacity
292 GW

Our Sites

  • List view
  • Map View
Type: