Integrated Resource Planning

Total Resource Cost (TRC)

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

Economic Dispatch

The ability to select the most economic of two or more different energy sources at any point in time for the purpose of minimizing costs.

Avoided Cost (AC)

The value of a particular action that produces an economic benefit by reducing costs.

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