What does Preamble of HR 2703 do?

This bill aims to require the Federal Energy Regulatory Commission (FERC) to establish a shared savings incentive. The incentive would return a portion of savings resulting from investments in grid-enhancing technology to the technology's developer. The bill's stated purpose is to address grid enhancements and related savings.

What does SHORT TITLE. of HR 2703 do?

This bill is formally titled the Advancing Grid-Enhancing Technologies Act of 2025.

What does DEFINITIONS. of HR 2703 do?

This section defines terms used within the Act. The term 'Commission' is defined as the Federal Energy Regulatory Commission. The term 'grid-enhancing technology' refers to hardware or software that improves transmission facilities and technologies. Grid-enhancing technology must be installed in addition to existing facilities and technologies. These technologies aim to increase situational awareness, efficiency, or transfer capacity of the electric grid. The term 'Secretary' is defined as the Secretary of Energy.

What does SHARED SAVINGS INCENTIVE FOR GRID-ENHANCING TECHNOLOGIES. of HR 2703 do?

This section establishes a Shared Savings Incentive for Grid-Enhancing Technologies. The Commission is required to promulgate a final rule within 18 months of the Act's enactment to implement this incentive. The incentive returns a portion of savings attributable to grid-enhancing technology investments to the developer. The percentage of savings returned to the developer will be between 10% and 25%, applied consistently across all eligible technologies. Savings are returned to the developer over a 3-year period. The incentive applies to developers investing in grid-enhancing technology installed as described in section 2(2)(B). To qualify, expected savings over 3 years must be at least 4 times the investment cost. The incentive cannot be applied to grid-enhancing technology already installed at the time of enactment. The Commission must determine appropriate consumer protections for the incentive. The Commission will evaluate the necessity and efficacy of the incentive between 7 and 10 years after its establishment, considering alignment with Order No. 1920.

What does CONGESTION REPORTING. of HR 2703 do?

This section establishes requirements for congestion reporting related to transmission facilities and technologies. Operators of transmission facilities must submit annual reports to the Commission detailing costs associated with congestion management, including constraints. Reports must identify constraints causing over $500,000 in costs, specifying their cause and the next limiting element. The Commission must promulgate a final rule within 18 months of the Act's enactment to establish a universal metric and protocol for data reporting. The Commission and the Secretary will use the submitted data to conduct analyses and create a map of congestion management costs. The map of costs associated with congestion management must be updated at least once each year. The Commission and the Secretary will make the data and map publicly available on their respective websites.

What does GRID-ENHANCING TECHNOLOGY APPLICATION GUIDE. of HR 2703 do?

This section defines 'developer' as a developer of transmission facilities or technologies, including those who pay to install grid-enhancing technology. The Secretary is required to establish an application guide for utilities and developers seeking to implement grid-enhancing technologies within 18 months of the Act's enactment. The application guide established under subsection (b) shall be reviewed and updated annually. The Secretary shall provide technical assistance to utilities or developers upon request regarding the use of grid-enhancing technologies. A clearinghouse of previously completed grid-enhancing technology projects will be established to identify issues and solutions. Authorizations of appropriations are provided to carry out this section, including $5,000,000 for fiscal year 2025 and $1,000,000 annually for fiscal years 2026 through 2036.

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Advancing GETs Act of 2025 — HR. 2703

Last updated: 4/8/2025 · Introduced: 4/8/2025

Author: Kathy Castor (D-FL)

TL;DR (AI)

This bill establishes a Shared Savings Incentive for developers of grid-enhancing technologies, returning 10-25% of savings resulting from these investments over a 3-year period, provided savings exceed four times the investment cost.
Transmission facility operators must annually report congestion management costs to the Federal Energy Regulatory Commission (FERC), identifying constraints causing over $500,000 in costs.
The Secretary of Energy must create an annual application guide and clearinghouse to assist utilities and developers in implementing grid-enhancing technologies, supported by authorized appropriations.

119th Congressin committeeOfficial page

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Includes provisions on preamble, short title., and 4 more.

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