Bills · HR 2703
IN COMMITTEE· 119TH CONGRESS
House BillHR 2703Energy revenues and royaltiesEnergy efficiency and conservation
Advancing GETs Act of 2025
INTRO APR 8· LAST ACTION APR 8
READING
7MIN
COSPONSORS
10
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it aims to make the nation's electric grid more efficient, reliable, and capable of handling more power, including renewable energy sources. Currently, parts of the grid are old and often get congested, meaning power can't flow easily, leading to higher electricity costs and less reliable service.
If this bill becomes law, it could accelerate the adoption of new technologies that help avoid expensive new power lines by optimizing existing ones. This could lead to a more resilient grid, fewer power outages, and potentially lower overall energy costs for consumers. Without this law, there might be less financial motivation for companies to invest in these smart grid technologies, potentially leaving the grid less efficient and more prone to congestion.
KEY PROVISIONS
5AI-extractedPROVISION 01
Requires the Federal Energy Regulatory Commission (FERC) to create a shared savings incentive program for grid-enhancing technologies (GETs).
This establishes a direct financial motivation for companies to invest in technologies that improve the efficiency and reliability of the electric grid.
PROVISION 02
Sets the shared savings incentive at 10% to 25% of attributable savings, recovered over a 3-year period, for GET investments where expected savings are at least four times the cost.
This specifies the financial details of the incentive, ensuring it is substantial enough to encourage investment while requiring a strong return on investment to qualify.
PROVISION 03
Requires operators of transmission facilities to submit annual reports to FERC detailing congestion management costs and constraints.
This provision increases transparency and understanding of where the grid is inefficient, providing critical data for future planning and investment decisions.
PROVISION 04
Requires FERC to establish a universal metric and protocol for measuring and reporting grid congestion data.
This ensures that all reported congestion data is consistent and comparable, making it easier for regulators and stakeholders to identify problems and solutions.
PROVISION 05
Mandates that FERC evaluate the necessity and effectiveness of the shared savings incentive 7-10 years after its establishment, with a determination to maintain, revise, or suspend it.
This ensures that the incentive program is reviewed periodically to confirm it is achieving its intended goals and remains relevant over time.
SPONSORSHIP
1 + 10
D· Florida
YRS IN OFFICE
19
BILLS LED
26
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 10 REP 0 IND 0
ACTION TIMELINE
2 EVENTSAPR 8
Introduced in House
APR 8
Referred to the House Committee on Energy and Commerce.
BILL INFO
TypeHouse Bill
NumberHR 2703
Congress119th
StatusIn Committee
IntroducedApr 8, 2025
Last actionApr 8, 2025
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IN COMMITTEE· 119TH CONGRESS · ENERGY AND COMMERCE COMMITTEE · INTRODUCED APR 8, 2025
House BillHR 2703Energy revenues and royaltiesEnergy efficiency and conservation
Advancing GETs Act of 2025
INTRODUCED APR 8, 2025· LAST ACTION APR 8, 2025
PASSAGE CHANCES
—%
READING
7 min
COSPONSORS
10
COMPLEXITY
Moderate
