On July 23, 2023, the Federal Energy Regulatory Commission (FERC) revealed Order No. 2023, directing its intent to enhance the interconnection of new generation and energy storage projects to the nation’s transmission network. According to JD Supra, many eyed the Order as a significant marker in the journey toward electricity decarbonization.
Historically, the process of a new generation scheme seeking transmission interconnection until it receives service and can start operations could span an extended period of four to five years. This prolonged duration led to the stalling of thousands of megawatts of generation, with renewable sources bearing the brunt.
The implementation of Order No. 2023 aims to overcome these hurdles, speeding up the process. The order integrates both supply-side and demand-side resources under its umbrella. It puts forward a comprehensive plan to streamline the connection of new generation and energy storage projects to the national grid with a specific pointer to improving access for renewable and distributed energy resources.
While the recent FERC order symbolizes a move in a positive direction, the intricacies lie in its actual execution. The order’s actual potential and its implications on the decarbonization timeline are yet to be seen in a real-world scenario. As professionals in the legal field of energy and environmental regulations, it is vital to stay informed on regulatory changes and their impacts on the renewable energy sector.
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