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.
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.
What are the geographic boundaries of the market?
The Southeast covers all or a portion of Florida, Georgia, Alabama, Mississippi, North Carolina, South Carolina, Missouri and Tennessee.
What are the relevant price and delivery zones?
State Public Service/Utility Commissions are responsible for setting electricity rates. Nodal pricing does not exist in the Southeast.
Can I buy long-term power in the traded markets?
There is no liquid market for buyers to hedge price risk in the Southeast.
Who do I need to contract with to buy power?
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.
How are system costs and other social charges levied?
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.
How do I prove I've bought renewable power?
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.
What are the key institutions?
- 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.
- 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.
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