REDUCE Act

Bill: 118-s-4411
Sponsor: full_name: Sen. Durbin, Richard J. [D-IL]
Introduced: 2024-05-23
Policy area: Energy
Latest action: action_date: 2024-05-23
text: Read twice and referred to the Committee on Energy and Natural Resources. (text: CR S3886)

Summaries:

tv_txt: II 118th CONGRESS 2d Session S. 4411 IN THE SENATE OF THE UNITED STATES May 23, 2024 Mr. Durbin introduced the following bill; which was read twice and referred to the Committee on Energy and Natural Resources A BILL 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.

1. Short title This Act may be cited as the Responsive Energy Demand Unlocks Clean Energy Act or the REDUCE Act . 2. Aggregator bidding into organized power markets (a) In general Notwithstanding any prohibition established by State law or a State commission (as defined in section 3 of the Federal Power Act ( 16 U.S.C. 796 )) with respect to who may bid into an organized wholesale electric market, each Transmission Organization shall, consistent with any applicable market rules that do not establish such a prohibition, allow aggregators of retail customers to submit bids that aggregate demand flexibility of customers of utilities that distributed more than 4,000,000 megawatt-hours in the previous fiscal year. (b) Rulemaking Not later than 1 year after the date of enactment of this Act, the Federal Energy Regulatory Commission shall issue a rule to carry out the requirements of subsection (a).