The State of Georgia is positioned to become a leader in battery energy storage in the Southeast with Georgia Power’s planned investment to own and operate 80 megawatts (MW) of battery energy storage. The company’s 2019 Integrated Resource Plan (IRP), unanimously approved today by the Georgia Public Service Commission (PSC), includes energy storage, 72 percent more renewable generation by 2024, and approval of the company’s environmental compliance strategy.
“Working with the Georgia PSC, we are positioning Georgia as a leader in the Southeast in battery energy storage, which is critical to growing and maximizing the value of renewable energy for customers as we increase our renewable generation by 72 percent by 2024,” said Allen Reaves, Georgia Power’s senior vice president and senior production officer. “Through the IRP process, Georgia Power will continue to invest in a diverse energy portfolio including the development of renewable resources in a way that benefits all customers to deliver clean, safe, reliable energy at rates that are well below the national average.”
Under the approved IRP, Georgia Power will:
Energy Efficiency Programs
The plan also includes energy efficiency targets 15 percent more than those approved in previous IRPs, while adding new, innovative energy-saving programs for both residential and commercial customers. New energy efficiency programs for customers approved in this plan, include:
Additionally, the company is expanding assistance to income-qualified customers by increasing the annual funding for the HopeWorks low-income weatherization program by more than 60 percent.
Integrated Resource Plan Process
Georgia Power’s IRP, which outlines how the company will continue to deliver clean, safe, reliable and affordable energy to its 2.6 million customers over the next 20 years, is filed every three years with the Georgia PSC. The 2019 plan was a result of the in-depth IRP process, which includes projections of future fuel costs, load and energy forecasts, an analysis of available generation technologies, the 10-year transmission plan, and an economic assessment of potential and proposed energy efficiency and demand response programs. The company also evaluated the cost-effectiveness of its generating resources given changing environmental regulations and emerging technologies and discussed the growing importance of resilience to the electric system.
* REC Disclaimer: Georgia Power purchases only the null energy output from some renewable generating facilities that have contracted to sell that energy to Georgia Power. Ownership of the associated renewable energy credits (RECs) is specified in each respective power purchase agreement. The party that owns the RECs retains the right to use them.