By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > Markets > Commodities > Speeding up US power grid connection ‘top priority’, FERC chairman says
Commodities

Speeding up US power grid connection ‘top priority’, FERC chairman says

News Room
Last updated: 2023/05/23 at 4:34 PM
By News Room
Share
2 Min Read
SHARE

By Valerie Volcovici

(Reuters) – The U.S. Federal Energy Regulatory Commission aims to finalize its plan to speed up the process of connecting power projects to the grid over the coming months, FERC Chairman Willie Phillips said on Tuesday, calling the issue his top priority.

“I’ve talked a lot about how important it is to move forward on transmission planning in general, but when it comes to interconnection queue reforms, that is my number one top priority,” he told Reuters on the sidelines of the Tribal Energy Equity Summit in St. Paul, Minnesota.

“We’re looking within the coming months – this summer – to get something significant out addressing the issue.”

Long waits for transmission interconnection have slowed efforts to ease wild pricing and tight power supply in some markets, and hobbled the progress of big solar and wind projects that need access to end-users.

Renewable energy development is a cornerstone of the Biden administration’s efforts to combat climate change.

Phillips said the plan, which was first proposed last year, would aim to alleviate a growing backlog of interconnection requests nationwide in part by shifting the approval process from a “first come, first serve” approach to a “first ready” approach – meaning projects that are best prepared will move ahead faster.

“We cannot reliably and affordably manage this energy transition if we continue to have expensive delays in the connection queues,” he said.

At the end of 2021, more than 1,400 gigawatts of generation and storage projects were waiting in interconnection queues throughout the country – three-times more that five years ago, the FERC said.

On average, it takes about three years for a project to get connected to the grid.

Read the full article here

News Room May 23, 2023 May 23, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Novo Nordisk chief Lars Fruergaard Jørgensen to step down

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Ukraine and Russia to hold first peace talks in three years

Stay informed with free updatesSimply sign up to the War in Ukraine…

EU moves to settle Microsoft Teams antitrust case

Stay informed with free updatesSimply sign up to the US companies myFT…

Japan to hold out for better trade deal with US

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

A US recession doesn’t seem so likely any more

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

- Advertisement -
Ad imageAd image

You Might Also Like

Commodities

Russia mulls extra tax for some commodities exports, including metals – sources

By News Room
Commodities

Gold prices tumble as Fed talks higher rates

By News Room
Commodities

Crude oil prices endure downturn amid U.S. interest rate hike anticipation

By News Room
Commodities

China approves export licences for chip materials gallium, germanium

By News Room
Commodities

European energy crisis: ECB, IEA and EIB to strategize on systematic transition amid soaring prices

By News Room
Commodities

Federal Reserve interest rate signals prompt oil price dip

By News Room
Commodities

Oil prices inch closer to $100 per barrel amid inflation concerns

By News Room
Commodities

Brent Crude Prices May Hit $120 per Barrel, Warns JPMorgan

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?