Power and Renewables

Integrated Resource Plans: An Introduction to Future Capacity and Decommissions

byMarie Amice

Electric utility providers’ primary objective is to deliver reliable energy to customers and plan for the future. Utilities closely monitor energy demand and if they have capacity to meet future needs or not. Market conditions evolve — plants reach the end of their lifecycle, new policies get introduced, communities grow or decline. Emerging technologies, such as electric vehicles, surge, and energy security and natural disasters risk arise.

Utilities prepare for upcoming supply and demand shifts with short- and long-term plans that preserve reliability and strengthen infrastructure to supply sustainable energy for future generations. In the past 30 years, we have seen 200 gigawatts of wind and solar power come online.

What is an integrated resource plan?

An integrated resources plan (IRP) is a roadmap that large utilities develop to meet forecasted energy needs using supply and demand resources to ensure cost-efficient, reliable energy distribution to customers. Utilities use IRPs to identify the five, 10 or 20-plus year outlooks of plant retirements and how utilities plan to meet future demand and invest in new technologies.

Integrated resource plans also address market factors such as:

  • Growing and declining population.
  • Future energy demand.
  • Generation capacity.
  • Crisis response.
  • Energy security.

IRPs offer a long-term perspective into the future energy landscape, some with a view through 2050. However, they are lengthy documents and time-consuming to digest at scale, thus, it can be difficult to easily locate the valuable information.

Charts in Enverus PRISM.
Source: Enverus PRISM.

How can IRPs help?

Understanding which generation a utility plans to add, decommission or invest in is essential to a business development strategy. You can use IRPs as a pre-screening tool for entering a new market or understanding how the utility generation will change. When paired with power plants, LMP, parcels, suitable land analytics and grid infrastructure, you have a powerhouse of tools to confirm your market analysis.

Graph showing Capacity (MW) by utility, IRP technology type, sum, IRP scorecard
Source: Enverus PRISM.

Project developers can leverage IRPs to identify potential renewable energy partnerships with PRISM for Power & Renewables. Position yourself in advance and uncover utilities plan to meet demand and the various incentives and mandates to add more renewable energy and storage to the grid. With Enverus IRPs you can:

Browse through key IRP content

Source and analyze utilities’ near- and long-term plans to meet electricity demand and upcoming plant decommission. ​Easily visualize projects by added and decommissioned capacity.

Conduct a market potential analysis

Drill down and analyze ISO areas, companies and projects by stage. View the market players associated with projects, infrastructure and find available parcels for development.

Easily synthesize and compare data

Quickly review and compare multiple utility IRPs and turn policy data into an actionable business development strategy.

Ready to identify potential renewable energy partnerships and see IRPs in Enverus PRISM? Fill out the form below and request a demo.

Marie Amice

Marie Amice

Project Manager, Power & Renewables at Enverus

Subscribe to the Enverus Blog

A weekly update on the latest “no-fluff” insight and analysis of the energy industry.

Related Content

Group-Shake-Hand
Intelligence Publications
ByErin Faulkner

Operators in Oklahoma’s SCOOP and STACK plays have been improving their economics with “super pads,” which contain wells completed with more than 3,100 lb/ft of proppant, according to Enverus Intelligence® | Research (EIR). The resulting uptick in productivity can shave...

emissions-flare-women-working
Energy Analytics Energy Transition
ByKevin Runciman

In recent years, the oil and gas industry has witnessed a remarkable shift in focus towards environmental performance, driven by the growing importance of environmental, social and governance (ESG) considerations. Among the various environmental concerns, reducing flaring has emerged as...

CCUS-GettyImages-1056200534
Energy Analytics Energy Transition
ByAndrew Gillick

In case you missed it, Enverus virtually hosted EVOLVE, our flagship conference, May 16-17. The event included two full days of presentations, panels and keynotes, distilling the most relevant data and thoughts on the industry today.  Below Andrew Gillick, managing director...

blog-refinancing
Energy Analytics Other
ByShane Reddell

In the current landscape of heightened environmental and social consciousness, upstream oil and gas companies face significant challenges in achieving favorable refinancing for their existing credit facilities. These challenges are compounded by the recent volatility in the debt markets and...

unprecedented-wildfire-season-singes-alberta-oil-production
Energy Analytics Intelligence Publications
ByMaurice Smith

Wildfires that have already scorched more than double the average annual fire destruction across Alberta forced the shut-in of more than 300,000 boe/d while threatening future shuttering of output from the so-far largely unaffected oil sands region. Record temperatures saw...

ccus-risky-business-post
Energy Analytics Energy Transition
ByHeather Leahey

CO2 containment risk has become one of the most popular topics among our clients evaluating CCUS projects. Operators need to understand and evaluate subsurface features that could trigger CO2 migration and containment losses as well as introduce additional safety, reputational...

ev-parent-image
Energy Analytics Energy Transition
ByRyan Luther

Anyone who thinks spending time at a public charging station is a blocker to buying an electric vehicle (EV) might want to consider the numbers behind EV and internal combustion engine (ICE) vehicle refueling times. The answer is that it...

Enverus Blog - 6 tax preparation tips for mineral and royalty managers
Energy Analytics
BySilas Martin

Recent years have been a roller coaster for mineral buyers, from record low commodity prices to highs for oil and natural gas in the last year. Going forward, challenges and opportunities will be plentiful. We expect oil prices between $80...

wind-power-energy-woman-trader-stock
Power and Renewables
ByKenneth Curtis

It’s that time of year when generator and transmission outages are at their peak in PJM. The first half of April has not disappointed volatility-wise as the WHUB/NIHUB spread has set new 30-day highs largely driven by congestion. Figure 1:...

Let’s get started!

We’ll follow up right away to show you a quick product tour.

Let’s get started!

We’ll follow up right away to show you a quick product tour.

Sign up for our Blog

Access Product Tour

Speak to an Expert