To require the Federal Energy Regulatory Commission to establish a shared savings incentive to return a portion of the savings attributable to an investment in grid-enhancing technology to the developer of that grid-enhancing technology, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To require the Federal Energy Regulatory Commission to establish a shared savings incentive to return a portion of the savings attributable to an investment in grid-enhancing technology to the developer of that grid-enhancing technology, and for other purposes., changes federal law or congressional policy affecting energy producers, utilities, and energy consumers. The main policy domain is Energy, Technology, Government Operations.
Who Benefits and How
energy producers, utilities, and energy consumers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, energy producers, utilities, and energy consumers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section S1: 1. Short title This Act may be cited as the Advancing Grid-Enhancing Technologies Act of 2024 or the Advancing GETs Act of 2024.
- Section idec4a4fdde5b74874a10eede853f6596c: 2. Definitions In this Act: The term Commission means the Federal Energy Regulatory Commission. The term grid-enhancing technology means any hardware or...
- Section id92039387cf9547e4a257c9f6c7ddf07b: 3. Shared savings incentive for grid-enhancing technologies In this section, the term developer, with respect to grid-enhancing technology, means the entity...
- Section idb63ec342444d49bd8c838cdfbbc3cb13: 4. Congestion reporting Beginning on the date that is 1 year after the effective date of the rule promulgated under subsection (b), all operators of...
- Section id7e49e2045af14a669b6bcaf04b9a2dea: 5. Grid-enhancing technology application guide In this section, the term developer means a developer of transmission facilities or transmission technologies,...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To require the Federal Energy Regulatory Commission to establish a shared savings incentive to return a portion of the savings attributable to an investment in grid-enhancing technology to the developer of that grid-enhancing technology, and for other purposes., changes federal law or congressional policy affecting energy producers, utilities, and energy consumers.
Key Policy Areas
Energy, Technology, Government Operations
Primary Purpose
This bill, To require the Federal Energy Regulatory Commission to establish a shared savings incentive to return a portion of the savings attributable to an investment in grid-enhancing technology to the developer of that grid-enhancing technology, and for other purposes., changes federal law or congressional policy affecting energy producers, utilities, and energy consumers.
Policy Domains
Whole bill
Identified Gains
- energy producers, utilities, and energy consumers
Identified Costs
- federal implementing agencies
- energy producers, utilities, and energy consumers
Sponsors
Legislative Progress
IntroducedMr. Welch (for himself and Mr. King) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_commission"
- → The commission identified in the operative section
- "secretary_of_energy"
- → Secretary of Energy
Key Definitions
Terms defined in this bill
the Federal Energy Regulatory Commission. The term grid-enhancing technology means any hardware or software that— increases the capacity, efficiency, reliability, resilience, or safety of transmission facilities and transmission technologies
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology