An Integrated Resource Planning model considering customer value, emissions, and regional economic impacts

David T. Hoog and Benjamin Hobbs ()

Energy, 1993, vol. 18, issue 11, 1153-1160

Abstract: A nonlinear programming model is developed to examine the effects of introducing demand-side measures into the utility planning process. The development of the model addresses issues previously not considered in one comprehensive model, including the cost to the utility, sulfur dioxide emissions, regional economic effects, and net value to customers (also called consumer surplus). Regional economic impacts are measured by analyzing the direct and indirect effects of changes in consumers' disposable income, demands for fuel, and shifts in utility investment between plant capacity and conservation and load management programs. The consumer surplus objective makes it possible to consider rigorously the effects of changes in electric rates on economic efficiency, which are ignored in the widely used “least cost” objective. An application of the model is used to investigate the significance of using these different objectives in Integrated Resource Planning (IRP).

Date: 1993
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:18:y:1993:i:11:p:1153-1160

DOI: 10.1016/0360-5442(93)90087-T

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