To require Transmission Organizations to allow aggregators of retail customers to submit to organized wholesale electric markets bids that aggregate demand flexibility of customers of certain utilities, and for other purposes.
About This Bill
Committee
Latest Action · May 23, 2024
Read twice and referred to the Committee on Energy and Natural Resources. (text: CR S3886)
The REDUCE Act requires regional power grid operators to allow aggregators—companies that bundle together energy customers—to bid groups of customers' flexible electricity demand directly into wholesale power markets. This applies to customers of large utilities that distributed more than 4 million megawatt-hours of electricity in the previous year. The bill aims to make electricity markets more responsive to clean energy sources by allowing customers' willingness to adjust their power use to be sold as a resource, similar to traditional power plants. The Federal Energy Regulatory Commission must write rules to implement these requirements within one year of the law's enactment. No specific federal funding is authorized in the bill.
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