Choosing options. [Integrated resource planning meets decision analysis]

Journal Article · Tue Dec 15 04:00:00 EST 1992 · Public Utilities Fortnightly; (United States)

OSTI ID:6686267

Borison, A ^[1]; Balachandran, G ^[2]

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1. Applied Decision Analysis Inc., Menlo Park, CA (United States)
2. City of Palo Alto, CA (United States)

Integrated resource planning (IRP) is becoming an important part of the electric power industry. Defined as the systematic evaluation of resource options for meeting the needs of electric utility customers, IRP originally focused on demand-side management, putting it on an equal footing with power generation. Over time, however, IRP began to take on a strong environmental emphasis as well. That meant that in addition to more traditional economic and engineering criteria, social and environmental factors were to be considered explicitly in evaluating resource options. Recently, a new wrinkle has been added to IRP. The concept now means that uncertainties in the planning environment must be recognized explicitly, and the full range of potential future scenarios are to be considered. Given its evolution, if IRP is to constitute state-of-the-art electric utility planning it must consider: (1) the full range of resource options, both demand- and supply side; (2) the full range of effects, including economic, engineering and environmental and social; and (3) the full range of future scenarios, including nominal as well as worst case and best cast conditions.

• OSTI ID: 6686267
• Journal Information: Public Utilities Fortnightly; (United States), Journal Name: Public Utilities Fortnightly; (United States) Vol. 130:12; ISSN PUFNAV; ISSN 0033-3808
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200* -- Energy Planning & Policy-- Economics & Sociology
99 GENERAL AND MISCELLANEOUS
990100 -- Management
DECISION MAKING
DEMAND FACTORS
ECONOMIC ANALYSIS
ECONOMICS
ELECTRIC UTILITIES
INSTITUTIONAL FACTORS
LOAD MANAGEMENT
MANAGEMENT
PLANNING
PUBLIC UTILITIES
RESOURCE MANAGEMENT
SOCIO-ECONOMIC FACTORS
SUPPLY AND DEMAND