TeachMeFinance.com - explain Integrated resource planning (IRP)
Integrated resource planning (IRP) The term 'Integrated resource planning (IRP)' as it applies to the area of reclamation can be defined as ' A public planning process and framework within which the costs and benefits of both demand and supply side resources are evaluated to develop the least total cost mix of utility resource options. In many states, IRP includes a means for considering environmental damages caused by electricity supply/transmission and identifying cost-effective energy efficiency and renewable energy alternatives. IRP has become a formal process prescribed by law in some states and under some provisions of the Clean Air Act Amendments of 1992'.
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