The REDUCE Act would require Transmission Organizations to let "aggregators of retail customers" submit bids that combine (aggregate) customers' demand flexibility into organized wholesale electric markets. The rule applies when the customers are served by utilities that distributed more than 4,000,000 megawatt-hours in the previous fiscal year. The bill says this must happen even if a State law or state commission has a prohibition about who may bid into those markets. The Federal Energy Regulatory Commission (FERC) must issue a rule to carry out this requirement within 1 year after the law is enacted.
If your electricity is provided by a utility that distributed over 4,000,000 megawatt-hours last fiscal year, this bill would allow an aggregator to pool (aggregate) demand flexibility from customers of that utility and submit bids into organized wholesale markets. The bill text does not describe how customers would be enrolled, paid, or give consent, and it does not describe how local utility service would change.
No publicly available information on the bill's costs, budgetary impacts, or administrative expenses is included in the bill text. The bill does require FERC to complete a rulemaking within 1 year, but it does not specify funding or cost estimates for that rulemaking or for Transmission Organizations and market operators.
No publicly available information in the bill text about proponents' statements, arguments, or claimed benefits.
No publicly available information in the bill text about opponents' statements, concerns, or objections.