Advancing GETs Act of 2024
This bill establishes a shared savings incentive for developers who install grid-enhancing technologies (GETs) on electric transmission systems. It requires the Federal Energy Regulatory Commission to set rules returning 10-25% of verified savings (at least 4x the investment cost) to developers over 3 years for new GET installations. The bill also mandates annual congestion cost reporting by grid operators and creates a public map of these costs, while directing the Energy Secretary to develop an annual application guide with technical assistance for utilities implementing GETs. These provisions directly affect grid operators, utilities, and developers investing in GETs to improve grid efficiency, reliability, and capacity.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2024
Committee Review
Floor Vote
President
Introduced Mar 12, 2024
Last action Mar 12, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Mar 12, 2024
Committee
Read twice and referred to the Committee on Energy and Natural Resources.
upper
Mar 12, 2024
Introduced
Introduced in Senate
upper
1 primary · 1 co-sponsor
Sponsors
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