HR2703-119

What This Bill Does

The Advancing GETs Act promotes grid-enhancing technologies on the electric transmission system. Within 18 months, FERC must issue a final rule implementing a shared-savings incentive that returns 10 to 25 percent of savings from eligible grid-enhancing technology investments to the developer over three years. The incentive must apply consistently, cannot be set case by case, and is limited to investments whose expected three-year savings are at least four times the investment cost; FERC must also set consumer protections and evaluate the incentive after seven to ten years. Transmission facility and technology operators must submit annual congestion-cost reports, including constraints over $500,000, causes, limiting elements, and planned upgrades. FERC and DOE must use the data to create and annually update a public congestion-cost map. DOE must also create an annually updated application guide and clearinghouse for utilities and developers, with $5 million authorized for fiscal year 2025 and $1 million annually for fiscal years 2026 through 2036.

Who Benefits and How

Grid-enhancing technology developers benefit because they can receive a 10 to 25 percent share of verified savings over three years. Electric utilities benefit from DOE technical assistance, an application guide, and a clearinghouse of completed projects. Electricity consumers may benefit if grid-enhancing technologies reduce congestion costs and defer more expensive transmission upgrades. Clean energy developers benefit if better use of existing transmission capacity reduces congestion barriers for new generation.

Who Bears the Burden and How

The Federal Energy Regulatory Commission must issue incentive rules, quantify savings and costs, set consumer protections, and review the incentive after seven to ten years. Transmission operators must submit annual congestion-cost reports using a universal metric and reporting protocol. The Department of Energy must help build a public congestion map, maintain a GET application guide, and provide technical assistance. Ratepayers may bear incentive payments to developers if shared savings are returned before all congestion savings flow through to customers.

Key Provisions

• Requires FERC to establish a shared-savings incentive returning 10 to 25 percent of eligible GET savings to developers.
• Limits the incentive to investments expected to generate at least four times their cost over three years.
• Requires annual transmission congestion-cost reporting and public FERC-DOE congestion mapping.
• Authorizes DOE GET guidance, a project clearinghouse, technical assistance, and funding through fiscal year 2036.