New Energy Market Rules: Prioritizing Grid Stability and Penalizing Failures.
This law aims to boost electricity reliability by creating new energy markets that favor power plants capable of continuous operation (like gas or nuclear). Citizens should experience a more stable power supply, but the regulations explicitly limit the consideration of environmental costs when setting transmission rates. The changes also introduce penalties for power generators that fail to deliver promised electricity.
Key points
Establishes "reliability markets" requiring intermittent sources (wind, solar) to purchase backup power from continuous sources to ensure constant supply.
Federal energy regulators are prohibited from considering state environmental policies or climate goals when setting energy rates and allocating transmission costs.
Changes transmission cost allocation: customers only pay for infrastructure that provides them with direct, quantifiable benefits.
Expired
Additional Information
Print number: 118_HR_8968
Sponsor: Rep. Lesko, Debbie [R-AZ-8]
Process start date: 2024-07-09