An approach to understanding, representing, and managing uncertainty in integrated resource planning

Technical Report · Thu Dec 01 00:00:00 EST 1994

DOI:https://doi.org/10.2172/33121· OSTI ID:33121

Tonn, B E ^[1]; Schaffhauser, A J ^[2]

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1. Oak Ridge National Lab., TN (United States)
2. Tennessee Univ., Knoxville, TN (United States)

This report addresses the issue of uncertainty in integrated resource planning (IRP). IRP is a process employed by electric utilities, often at the bellest of Public Utility Commissions (PUCs), to evaluate the acquisition of resources to meet forecast energy demands and other criteria such as energy efficiency and fuel diversity. Uncertainty plagues the preparation of IRPs, from forecasting energy prices and electricity demand to estimating costs and benefits expected from new resource acquisitions. As a result all those involved in the IRP process (including PUC commissioners and staff, utility decision makers, IRP analysts, and experts in particular areas) need to appreciate how uncertainty affects IRP and learn about available techniques to reduce its effects.

• Research Organization: Oak Ridge National Lab. (ORNL), Oak Ridge, TN (United States)
• Sponsoring Organization: USDOE, Washington, DC (United States)
• DOE Contract Number: AC05-84OR21400
• OSTI ID: 33121
• Report Number(s): ORNL/CON-399; ON: DE95005737
• Resource Relation: Other Information: PBD: Dec 1994
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING AND POLICY
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
DATA COVARIANCES
MANAGEMENT
ENERGY CONSUMPTION
FORECASTING
PUBLIC UTILITIES
ENVIRONMENTAL EFFECTS
ELECTRIC UTILITIES
GAS UTILITIES
RESOURCE MANAGEMENT