Integrated Resource Planning

Integrated Resource Planning

DOI: 10.4018/978-1-4666-0173-4.ch010
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IRP can provide a vehicle to test and put into force regulatory policies and actions. Environmental externalities, risk reduction, improving continuity of service, market distortions, and lack of inexpensive financing are all included in the IRP process. Policies are usually translated to fiscal or monetary measures through licensing procedures, tariff design, environmental penalties, renewable energy encouragement acts, and additional taxes or levies. This would certainly provide demand side options with some advantage over the conventional ones.
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Concept And Rationale

The most important objective of IRP is to ensure the long-term supply of adequate and reliable electricity service to consumers at the lowest reasonable cost and in a manner consistent with national interests including public welfare. The underlying role of IRP is to chart future action related to determining and implementing the long-range supply and demand side resource utilization strategy in order to fulfill future demand.

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