Sec. 303. Performance metrics for electricity infrastructure providers
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Not later than 2 years after the date of enactment of this Act, the Secretary shall— develop baseline, voluntary model performance metrics to facilitate and promote the adoption of best practices and processes for electricity infrastructure providers to design, build, and implement a modernized electric grid and maximize opportunities to enhance progress in grid technologies and capabilities, consumer engagement, and policy; quantify the potential performance improvements that could be achieved through deployment of new grid technologies and systems; and distribute through appropriate channels a report describing the findings under paragraph (1).
In developing the performance metrics under subsection (a)(1), the Secretary shall consider— standard methodologies for calculating improvements or deteriorations in the performance metrics, such as reliability, grid efficiency, power quality, consumer satisfaction, sustainability, and financial incentives; standard methodologies for calculating value to ratepayers, including broad economic and related impacts from improvements to the performance metrics; appropriate ownership and operating roles for electric utilities that would enable improved performance through the adoption of emerging, commercially available or advanced grid technologies or solutions, including— multicustomer microgrids; distributed energy resources; energy storage; electric vehicles; electric vehicle charging infrastructure; integrated information and communications systems; and advanced demand management systems; and with respect to States, the role of the grid operator in enabling a robust future electric system to ensure that— electric utilities remain financially viable; electric utilities make the needed investments that ensure a reliable, secure, and resilient grid; and costs incurred to transform to an integrated grid are allocated and recovered responsibly, efficiently, and equitably.