A regulatory concept used to represent the total net costs of a resource decision. The TRC is used by the California Public Utilities Commission (CPUC) and other regulatory jurisdictions as one of several benchmarks used to evaluate the cost-effectiveness of various programs, measures, and strategies.
Total Resource Cost
In context of natural gas, refers to the estimated quantities that are believed recoverable in future years from known reservoirs under existing economic and operating conditions. Volumes of natural gas placed in underground storage are not considered to be “proved reserves.” [Source: Energy Information Administration (EIA) Website: http://www.eia.gov/dnav/ng/TblDefs/ng_enr_nprod_tbldef2.asp]
The maximum amount of electricity needed, used or produced within a given time frame (see definition for “Demand”).
A single pump that can switch between electricity and natural gas.
Customer-side Integrated Demand Side Management (Energy Efficiency, Demand Response, Distributed Generation, Energy Storage)