The 15 utilities behind the Southeast Energy Exchange Market (SEEM) hailed the proposal as providing "cost, reliability and environmental benefits." So, why is the renewable energy industry so concerned?
A dozen of the major power providers in the western U.S. are banding together to pursue future market services which could offer both reliable electricity and carbon reduction, they say.
SEEM, which is under review by FERC, would produce the lowest cost savings and emission reductions of available options, according to a new report.
Competitive energy markets have proven their worth even with voluntary utility participation. It is time to make energy markets mandatory.
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