Planning to Harness the Inflation Reduction Act

The document argues that most utilities are failing to fully account for the Inflation Reduction Act (IRA) in their integrated resource plans (IRPs), which leads to inaccurate planning and missed financial opportunities. It provides a four-part toolkit for regulators, including benchmarks for utilities, specific regulatory actions, a set of evaluative questions for IRP reviews, and an explanation of key IRA provisions.

• Current utility integrated resource plans (IRPs) often fail to fully integrate the benefits of the Inflation Reduction Act (IRA), which results in inaccurate planning and a failure to account for reduced costs of zero-emissions resources, customer adoption of electrified technologies, and incentives for large industrial loads.
• The toolkit offers a structured approach for regulators to improve IRPs through four components: benchmarks and 'North Star indicators' for utilities, a guide on regulatory actions, a set of specific questions for evaluating IRPs, and a summary of relevant IRA provisions.

APA

RMI (2024). Planning to Harness the Inflation Reduction Act. https://rmi.org/resources/planning-to-harness-the-inflation-reduction-act/

Chicago

RMI. Planning to Harness the Inflation Reduction Act. 2024. https://rmi.org/resources/planning-to-harness-the-inflation-reduction-act/.

Wikipedia

{{cite report |author=RMI |title=Planning to Harness the Inflation Reduction Act |date=23 February 2024 |url=https://rmi.org/resources/planning-to-harness-the-inflation-reduction-act/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{rmi2024planning, author = {{RMI}}, title = {{Planning to Harness the Inflation Reduction Act}}, institution = {RMI}, year = {2024}, month = feb, url = {https://rmi.org/resources/planning-to-harness-the-inflation-reduction-act/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }