Historically, GRE performed resource planning on behalf of its member cooperatives. As part of our transition on January 1, 2023, from GRE Member to GRE Customer, Connexus Energy now has the flexibility and autonomy to design our future resource portfolio. By developing and executing our own Resource Plan, we leverage the knowledge we have of our system and the businesses we serve, along with feedback from our members, to design a future that makes the most sense for our membership.
In 2023, we developed a 10-year Resource Plan to serve as a long-term roadmap for meeting the future energy needs of our members. The Resource Plan outlines our strategy to continue to provide reliable, resilient, and sustainable electricity to our membership at a reasonable cost in the coming decade.
The resource plan is anchored in a long-term load forecast that considers local economic growth and major industry trends, such as electric vehicle purchases and rooftop solar adoption. Next, variations on key drivers of portfolio cost and composition are examined through scenario modeling. Finally, a robust plan for resource additions to meet future member load needs and compliance requirements is formulated, informed by forecasting and modeling results, as well as stakeholder feedback. The final plan outlines the type, timing and amount of resources to be added to the portfolio across a defined time horizon, typically 10 to 15 years.
Plan development kicked off in early 2023 and continued over the course of the year. As part of the 2023 planning process, we engaged industry stakeholders to provide insights and expertise. We also invited members to provide feedback and ask questions. Three stakeholder working group meetings were held—in March, June, and September. In November 2023, the Connexus Energy Board voted unanimously to approve the cooperative’s first-ever long-term resource plan. The final report was completed in December.
The details of the 2023 planning process, including the final resource plan, are documented in the report linked below.
Future updates regarding the next resource planing cycle will be posted here.
If you have any questions or comments on the 2023 resource plan or planning process, please let us know via email.
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