Electric companies face unprecedented uncertainties from future policies, climate conditions, and technology advancements. Outcomes of regulatory and policy actions will drive investment decisions far into the future. Climate damages require new approaches for system planning and maintaining resiliency. Further uncertainty is added by changing fuel markets; increasing renewable resources; cost, performance, and availability of key generation and emission control technologies; uncertain economic and demand growth; and availability of capital. The intersection of policy, technology, and climate impacts is an evolving landscape that presents numerous challenges for the long-term strategy of utilities and policymakers.
To meet these challenges, the Electric Power Research Institute's (EPRI) Energy Systems and Climate Analysis group applies their expertise to provide public- and private-sector decision makers with fundamental insights.