Electric company resource planning in the United States determines decarbonization technology portfolios, energy costs, and investment plans for hundreds of billions of dollars in new electricity resources. Electric resource plans cover approximately half the United States electricity system, excluding most of the northeast, Texas, and many rural areas. The EPRI State of Electric Company Resource Planning 2023 report provides detailed reporting and analysis on electric company resource plans in the United States. It includes an analysis of resource portfolios and load projections, as well as 3 resource planning deep dive review analyses focused on CO2 reduction targets, technology cost expectations, and key IRP themes identified from a text review. An analysis of aggregate portfolios from recent resource plans show rapid electric resource capacity growth is planned through 2030. Nameplate capacity growth dominated by solar, followed by wind and battery storage. Expected future electricity demand growth is driven by industrial consumption and economy-wide electrification. Eighty percent of resource planning customers are covered by a 2050 net-zero target. Emerging focus areas for resource planning include adapting to extreme weather risk, integrating equity perspectives, and improved stakeholder engagement for communities impacted by resource plans.
Authors Steve Dahlke, Silas Swanson, and Sean Ericson