A framework for integrated resource planning: the role of natural gas fired generation in New England

A decision-making framework, the Integrated Resource Planning framework, for electric power systems planning is discussed. A case study concerning the future role of natural gas in New England electric system is examined. The strength of the Integrated Resource Planning framework is that it does not rely on static one-time forecasts. Different perspectives on the relative value of competing attributes allow decision-makers to weigh and constructively discuss the tradeoffs associated with any one decision. An analysis of planning strategies for the electric power industry in New England shows that a strategy of diversified technology options and a large reserve margin both offer robust solutions to the problems raised by uncertainties in fuel prices and load growth