Bill > HR604

This bill, known as the "Responsive Energy Demand Unlocks Clean Energy Act" or the "REDUCE Act", requires Transmission Organizations (entities responsible for managing electric transmission systems) to allow aggregators of retail customers to submit bids in organized wholesale electric markets. Specifically, the bill mandates that aggregators can bid on behalf of customers from utilities that distributed more than 4 million megawatt-hours in the previous fiscal year, even if state laws or state commissions previously prohibited such bidding. An aggregator is an entity that combines the energy demand flexibility of multiple retail customers to participate in wholesale energy markets, potentially helping to balance grid supply and demand. The Federal Energy Regulatory Commission (FERC) is required to create final rules implementing this requirement within 12 months of the bill's enactment. By enabling aggregators to bid in wholesale markets, the bill aims to increase market participation, potentially lower energy costs, and promote more flexible energy consumption.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/604/all-info