Load Forecasting Enhancement Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
The Load Forecasting Enhancement Act directs the Federal Energy Regulatory Commission (FERC) to establish regional joint boards to study and improve electric load forecasting practices. These boards will analyze issues related to forecasting accuracy, reliability, and affordability, and report their findings to Congress and FERC. The bill also amends the Public Utility Regulatory Policies Act (PURPA) to require utilities to incorporate the best practices identified by these boards into their load forecasting procedures.
Key provisions
- Establishes regional joint boards to study electric load forecasting.
- Requires these boards to examine data collection, modeling methods, and stakeholder engagement.
- Mandates a report to Congress detailing best practices for electric load forecasting.
- Amends PURPA to require utilities to incorporate the report’s recommendations into load forecasting.
- Sets deadlines for the establishment of joint boards and the submission of the report.
- Addresses considerations for nonregulated electric utilities.
- Includes provisions for State regulatory authorities to consider and determine standards related to load forecasting.
- Modifies the Energy Policy and Conservation Act to include procedures for improving electric load forecasting oversight and transparency.
Who is affected
- Federal Energy Regulatory Commission
- State energy commissions
Bill text
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