{"id":12745,"date":"2023-05-23T16:20:00","date_gmt":"2023-05-23T20:20:00","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/commodities\/speeding-up-us-power-grid-connection-top-priority-ferc-chairman-says\/"},"modified":"2023-05-23T16:20:01","modified_gmt":"2023-05-23T20:20:01","slug":"speeding-up-us-power-grid-connection-top-priority-ferc-chairman-says","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=12745","title":{"rendered":"Speeding up US power grid connection ‘top priority’, FERC chairman says"},"content":{"rendered":"
\n

By Valerie Volcovici<\/p>\n

(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.<\/p>\n

\u201cI\u2019ve 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,\u201d he told Reuters on the sidelines of the Tribal Energy Equity Summit in St. Paul, Minnesota.<\/p>\n

\u201cWe’re looking within the coming months – this summer – to get something significant out addressing the issue.”<\/p>\n

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. <\/p>\n

Renewable energy development is a cornerstone of the Biden administration’s efforts to combat climate change.<\/p>\n

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 \u201cfirst come, first serve\u201d approach to a \u201cfirst ready\u201d approach \u2013 meaning projects that are best prepared will move ahead faster.<\/p>\n

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

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.<\/p>\n

On average, it takes about three years for a project to get connected to the grid. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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. \u201cI\u2019ve talked a lot about how important it is to […]<\/p>\n","protected":false},"author":1,"featured_media":1552,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[242],"tags":[83],"class_list":["post-12745","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-commodities","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nSpeeding up US power grid connection 'top priority', FERC chairman says | iFintechWorld<\/title>\n<meta name=\"description\" content=\"By Valerie Volcovici (Reuters) - The U.S. Federal Energy Regulatory Commission aims to finalize its plan to speed up the process of connecting power\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=12745\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Speeding up US power grid connection 'top priority', FERC chairman says | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"By Valerie Volcovici (Reuters) - The U.S. Federal Energy Regulatory Commission aims to finalize its plan to speed up the process of connecting power\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=12745\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-23T20:20:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-23T20:20:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/indicatornews_5_800x533_L_1412601619.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=12745#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=12745\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Speeding up US power grid connection ‘top priority’, FERC chairman says\",\"datePublished\":\"2023-05-23T20:20:00+00:00\",\"dateModified\":\"2023-05-23T20:20:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=12745\"},\"wordCount\":298,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Commodities\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=12745#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=12745\",\"url\":\"https:\/\/ifintechworld.com\/?p=12745\",\"name\":\"Speeding up US power grid connection 'top priority', FERC chairman says | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-05-23T20:20:00+00:00\",\"dateModified\":\"2023-05-23T20:20:01+00:00\",\"description\":\"By Valerie Volcovici (Reuters) - The U.S. Federal Energy Regulatory Commission aims to finalize its plan to speed up the process of connecting power\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=12745#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=12745\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=12745#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Speeding up US power grid connection ‘top priority’, FERC chairman says\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Speeding up US power grid connection 'top priority', FERC chairman says | iFintechWorld","description":"By Valerie Volcovici (Reuters) - The U.S. Federal Energy Regulatory Commission aims to finalize its plan to speed up the process of connecting power","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=12745","og_locale":"en_US","og_type":"article","og_title":"Speeding up US power grid connection 'top priority', FERC chairman says | iFintechWorld","og_description":"By Valerie Volcovici (Reuters) - The U.S. Federal Energy Regulatory Commission aims to finalize its plan to speed up the process of connecting power","og_url":"https:\/\/ifintechworld.com\/?p=12745","og_site_name":"iFintechWorld","article_published_time":"2023-05-23T20:20:00+00:00","article_modified_time":"2023-05-23T20:20:01+00:00","og_image":[{"width":800,"height":533,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/indicatornews_5_800x533_L_1412601619.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=12745#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=12745"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Speeding up US power grid connection ‘top priority’, FERC chairman says","datePublished":"2023-05-23T20:20:00+00:00","dateModified":"2023-05-23T20:20:01+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=12745"},"wordCount":298,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Commodities"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=12745#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=12745","url":"https:\/\/ifintechworld.com\/?p=12745","name":"Speeding up US power grid connection 'top priority', FERC chairman says | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-05-23T20:20:00+00:00","dateModified":"2023-05-23T20:20:01+00:00","description":"By Valerie Volcovici (Reuters) - The U.S. Federal Energy Regulatory Commission aims to finalize its plan to speed up the process of connecting power","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=12745#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=12745"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=12745#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Speeding up US power grid connection ‘top priority’, FERC chairman says"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/12745","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12745"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/12745\/revisions"}],"predecessor-version":[{"id":12746,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/12745\/revisions\/12746"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/1552"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}