Streamlining Renewable Energy Grid Connections and Cost Allocation
New regulations aim to simplify the connection of renewable energy and energy storage projects to the electricity grid. Citizens can expect faster development of clean energy, potentially leading to more stable supplies and lower energy costs in the future. The act also ensures that grid upgrade costs are fairly distributed, not solely burdening new projects.
Key points
Fairer cost sharing for new energy connections: Companies building new renewable power plants will no longer bear all grid upgrade costs, potentially accelerating their development.
Promoting modern grid technologies: The act encourages the use of technologies that improve the efficiency of existing transmission lines, potentially reducing the need for costly new infrastructure.
Faster clean energy connections: The goal is to reduce waiting times for connecting renewable energy and energy storage projects to the grid, increasing the share of green energy.
Potential consumer benefits: In the long term, faster development of renewable energy and a more efficient grid could lead to more stable energy prices and greater supply reliability.
Expired
Additional Information
Print number: 118_HR_2749
Sponsor: Rep. Castor, Kathy [D-FL-14]
Process start date: 2023-04-20