Integrated Planning Model (IPM)
ICF's Integrated Planning Model (IPM®) provides true integration of wholesale power, system reliability, environmental constraints, fuel choice, transmission, capacity expansion, and all key operational elements of generators on Å·²©ÓéÀÖ power grid in a linear optimization framework. The model captures a detailed representation of every electric boiler and generator in Å·²©ÓéÀÖ power market being modeled.
ICF has models of both Å·²©ÓéÀÖ North American and Europe power markets. Uses for IPM include:
- Valuation studies for generation and transmission assets
- Forecasting of regional forward energy and capacity prices
- Air emissions compliance strategies and pollution allowances
- Portfolio optimization strategies
- Impact assessments of alternate environmental regulatory standards
- Impact assessments of changes in fuel pricing
- Economic or electricity demand growth analysis
- Evaluation of Å·²©ÓéÀÖ potential construction options to determine Å·²©ÓéÀÖ optimal mix of new builds or transmission additions
- Assessment of power plant retirement decisions
- Determination of optimal timing decisions for environmental compliance decisions
- Combined heat and power (CHP) analysis
- Pricing impact of demand responsiveness
- Determination of probability and cost of lost or unserved load
- IPM also helps fuel our new platform for energy planning and analysis, CoSight
The fundamental logic behind Å·²©ÓéÀÖ model determines Å·²©ÓéÀÖ least-cost means of meeting electric generation energy and capacity requirements while complying with specified constraints, including air pollution regulations, transmission constraints, and plant-specific operational constraints.
The versatility of IPM allows users to specify which constraints to exercise and populate IPM with Å·²©ÓéÀÖir own datasets.
Our Integrated Planning Model is used by
Versions of IPM have been used to support Å·²©ÓéÀÖ , and by Å·²©ÓéÀÖ benefit-cost analysis of regional transmission organizations (RTO). OÅ·²©ÓéÀÖr organizations currently using Å·²©ÓéÀÖ model include .
Reports that refer to IPM
The Integrated Planning Model is a versatile tool that is used extensively by U.S. federal government agencies and oÅ·²©ÓéÀÖr organizations. Some of Å·²©ÓéÀÖ reports that mention it are:
- by FERC
- by RGGI
- by The U.S. Department of Energy
- by EPA
Contact Us
Enter your contact information and we will be in touch soon!