Avista submits 2021 Electric Integrated Resource Plan
The 2021 IRP shows Avista has adequate resources between owned and contractually controlled generation, when combined with conservation and market purchases, to meet customer needs through 2025. New renewable energy, energy storage, demand response, energy efficiency, and upgrades to existing hydropower and biomass plants are integral to the plan.
“We evaluate many options to find the ideal strategy to serve our customers that balances cost, reliability and the environment,” said
Avista is modeling a future that reflects both Clean Energy Transformation Act (CETA) requirements in
Some highlights of the 2021 IRP include:
- The resource strategy meets nearly 78 percent of Avista’s corporate clean electricity goal to provide customers with 100 percent net clean electricity by 2027 at competitive prices.
- There is a new chapter in this IRP addressing energy equity and plans to form an
Equity Advisory Groupin 2021 to further engage vulnerable and highly impacted communities.
- Avista is currently concluding its 2020 Renewable Request for Proposals process, and any contract that is executed through that process will modify Avista’s resulting resource needs.
- Notwithstanding the 2020 Renewable Request for Proposals process, the first new renewable resource identified in the IRP is in 2023 as a wind project located in
Montana. Additional Montanawind is identified in 2024 and 2028. The location of the new wind resources would diversify and complement Avista’s existing wind portfolio and would be acquired through a future competitive selection process.
- Avista anticipates customer load growth of 0.3 percent per year, similar to the projected growth rate in the 2020 IRP.
Each IRP is a thoroughly researched and data-driven document identifying a resource strategy to meet customer needs while balancing costs and risk measures with environmental goals and mandates. Avista’s professional energy analysts use sophisticated modeling tools and input from over 75 participants to develop each plan. The participants in the public process include customers, environmental organizations and business groups, elected officials and utility commission staff. Avista also hosted a public participation meeting, which more than 150 customers attended in February. The plan is typically updated every two years.
More information on Avista’s diverse energy mix and the IRP is available at myavista.com/IRP.
This news release contains forward-looking statements regarding the company’s current expectations. Forward-looking statements are all statements other than historical facts. Such statements speak only as of the date of the news release and are subject to a variety of risks and uncertainties, many of which are beyond the company’s control, which could cause actual results to differ materially from the expectations. These risks and uncertainties include, in addition to those discussed herein, all of the factors discussed in the company’s and the Quarterly Report on Form 10-Q for the quarter ended
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Source: Avista Corporation