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Winter Storm Fern highlighted need for expanded interregional transmission, Senate hears

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Dive Brief: - An additional 1 GW of interregional transmission capability could have saved U.S. consumers $183 million during Winter Storm Fern, Liza Reed, director of climate and energy policy at the Niskanen Center think tank, told the Senate Committee on Energy & Natural Resources Wednesday. - Some regions saw prices of hundreds of dollars per megawatt-hour during the multi-day storm from Jan. ...
The high electricity prices during Winter Storm Fern were a result of insufficient interregional transmission capability, leading to power not being used where it was needed. This event highlights the need for investment in transmission infrastructure and grid enhancing technologies to address both rising demand and affordability issues. The draft legislation aimed at modernizing transmission development includes provisions for advanced grid upgrades, high-voltage direct current lines, improved ...