Energy companies aim to build resilient systems and maintain safe, reliable, and affordable supply to communities and industry through whatever future hazards the climate brings. Improving resilience requires thoughtful planning to guide investments in infrastructure and operations despite the uncertainties present today and in the coming decades as both the electric power sector and the climate evolve. This work is part of EPRI’s Climate Resilience and Adaptation initiative (Climate READi) framework and offers a consistent, model-driven approach to climate resilience investment decision-making. This document offers guidance for justifying and prioritizing investments in climate resilience, drawing upon expertise in climate data, asset vulnerability, and power system modeling to inform approaches for developing resilient systems. With this information, decision-makers can use a Cost-Benefit Analysis (CBA) or Multi-Criteria Decision Analysis (MCDA) approach to support decisions through careful considerations of feasible options and trade-offs related to costs and benefits. This guidance document, along with other Climate READi resources, provides details on how to set up and execute efforts in support of resilience-informed decision making.
To access Investing for Climate Resilience in the Power System: A Guide for Adaptation Prioritization and Decision Making v1.0, click here: https://apps.epri.com/climate-readi-investment-guide
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