119th (2025–2027)
H.R. 2703
The Advancing GETs Act requires the Federal Energy Regulatory Commission to create financial incentives for companies that install technologies improving the efficiency, capacity, and reliability of the electrical grid. Developers installing these grid-enhancing technologies would recover between 10 and 25 percent of the savings their investments generate over a three-year period, but only if the expected savings are at least four times the installation cost. The bill also requires utility operators to report annual data on grid congestion costs to help identify where infrastructure improvements are most needed, and it directs the Department of Energy to establish a guide and technical assistance program to help utilities and developers implement these technologies. The legislation authorizes approximately $6 million in funding through 2036, with the incentive program subject to review and potential revision after seven to ten years of operation.