Report supports a competitive energy market for Southeast US
A new analysis from Energy Innovation and Vibrant Clean Energy (VCE) was recently published supporting the establishment of a fully competitive regional electricity market in the Southeast United States.
Along with an online data explorer that allows users to deep-dive into the economic, jobs, generation, and emissions data for the potential new market, the two energy policy analysis firms included a technical report and a policy guidebook for the industry.
Aside from the savings numbers estimated, which Titan views as accurate and potentially undervalued, a competitive electricity market in the Southeast will lower costs, create jobs, drive innovation, and refocus the utility companies on their primary mandate of delivering power. Titan looks forward to supporting this market across Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, and Tennessee.
Titan Energy recently developed a state by state utility map to show what energy services can be offered in each state. You can browse to see if competitive electricity or natural gas procurement is available in the state: www.titanenergyne.com/utilities/
While Duke Energy and Southern Co. two of the nation’s largest investor-owned utilities are making plans to create a competitive market, Titan Energy is advocating for an independent Regional Transmission Operator (RTO) to oversee the wholesale market. Titan Energy suggests modeling the independent agency after ISO New England’s requirement that participant utilities divest from generation so the generation market is fully competitive.
Justin Kearney, Titan Energy’s vice president of market development provided comment for Power Magazine’s recent news report covering the analysis:
It is vital that the party overseeing the wholesale electricity market remains neutral, and therefore unaffiliated from any market participant (such as utilities, power generators or suppliers). In this way, the role of the RTO should be strictly to ensure reliability, and promote competition – i.e. the RTO sets the rules, and the market decides which power plants get built.