Utility Dive•about 2 months ago
Colorado Legislature sends ‘advanced transmission technology’ bill to governor
Key Takeaway
This bill signals a growing regulatory push for utilities to adopt grid-enhancing technologies, creating new opportunities for developers and improving grid reliability and market efficiency for large power consumers across states.
AI Summary
- •A new Colorado bill mandates Xcel Energy, Black Hills, and Tri-State to assess Grid-Enhancing Technologies (GETs) for improving the bulk power system, reducing wildfire risks, and increasing interstate power flows.
- •This policy creates new market opportunities for developers specializing in GETs, as utilities are now required to evaluate and potentially deploy these advanced solutions.
- •The push for GETs aims to bolster grid reliability and efficiency, which can lead to more stable power supply and potentially more competitive pricing for large power consumers due to improved interstate power transfer capabilities.
- •The mention that 'other states are following suit' signals a broader regulatory trend, indicating expanding market potential for GETs beyond Colorado.
Topics
interconnectpolicytransmission
Article Content
The bill requires Xcel Energy, Black Hills and Tri-State to assess the potential for grid-enhancing technologies to bolster the bulk power system, reduce wildfires and increase interstate power flows. Other states are following suit.