This bill aims to accelerate the deployment of grid-enhancing technologies (GETs) to improve the capacity, efficiency, reliability, and safety of the electric grid. It mandates the Federal Energy Regulatory Commission (FERC) to establish a shared savings incentive within 18 months, which will return a portion of the savings attributable to GET investments to the developers. The incentive will provide developers with 10 to 25 percent of the savings over a three-year period, applied consistently across all eligible investments, not on a case-by-case basis. To qualify, the expected savings from a GET investment must be at least four times its cost over three years, and the incentive does not apply to technologies already installed. FERC is also tasked with determining appropriate consumer protections and will evaluate the incentive's efficacy 7 to 10 years after its establishment. Furthermore, the bill requires all transmission operators to submit annual reports on congestion management costs to FERC, detailing causes and limiting elements for significant constraints. FERC must develop a universal metric for this reporting within 18 months. The Commission and the Secretary of Energy will use this data to conduct analyses and create a publicly available, annually updated map of transmission system congestion costs . Finally, the Secretary of Energy is directed to establish an application guide for utilities and developers implementing GETs, to be updated annually, and will provide technical assistance and create a clearinghouse of past GET projects to facilitate their adoption. This section authorizes appropriations of $5 million for fiscal year 2025 and $1 million annually from 2026 through 2036 to support these efforts.
This bill aims to accelerate the deployment of grid-enhancing technologies (GETs) to improve the capacity, efficiency, reliability, and safety of the electric grid. It mandates the Federal Energy Regulatory Commission (FERC) to establish a shared savings incentive within 18 months, which will return a portion of the savings attributable to GET investments to the developers. The incentive will provide developers with 10 to 25 percent of the savings over a three-year period, applied consistently across all eligible investments, not on a case-by-case basis. To qualify, the expected savings from a GET investment must be at least four times its cost over three years, and the incentive does not apply to technologies already installed. FERC is also tasked with determining appropriate consumer protections and will evaluate the incentive's efficacy 7 to 10 years after its establishment. Furthermore, the bill requires all transmission operators to submit annual reports on congestion management costs to FERC, detailing causes and limiting elements for significant constraints. FERC must develop a universal metric for this reporting within 18 months. The Commission and the Secretary of Energy will use this data to conduct analyses and create a publicly available, annually updated map of transmission system congestion costs . Finally, the Secretary of Energy is directed to establish an application guide for utilities and developers implementing GETs, to be updated annually, and will provide technical assistance and create a clearinghouse of past GET projects to facilitate their adoption. This section authorizes appropriations of $5 million for fiscal year 2025 and $1 million annually from 2026 through 2036 to support these efforts.