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SUMMARY REPORT: ECONOMIC AND CLEAN ENERGY BENEFITS OF ESTABLISHING A SOUTHEAST U.S. COMPETITIVE WHOLESALE ELECTRICITY MARKET
The report finds that transitioning from the current vertically-integrated monopoly structure to a competitive RTO in the Southeast would generate approximately $384 billion in cumulative savings by 2040. This shift would lower retail electricity costs by 29% and reduce carbon emissions by 37% relative to 2018 levels. The analysis highlights that competition accelerates the deployment of wind, solar, and battery storage, creating a net increase of 285,000 jobs compared to the business-as-usual scenario. The study contrasts this with the current Integrated Resource Plan (IRP) approach, which it characterizes as inefficient due to excessive reserve margins and a reliance on uneconomic coal generation.
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Document type: Report