Zhaoguang Hu, Vice President and Chief Energy Specialist, China's State Grid Energy Research Institute
Abstract: Integrate Resource Strategic Planning (IRSP) balances the power supply side and demand side, making the optimal electricity savings on the demand side and optimal power generation on the supply side. It can be used as a tool for policy makers to evaluate the effectiveness of targeted incentive policies, such as price rebate for energy efficiency equipment, in creating energy saving and mitigating GHG. IRSP can also improve the targeting of Smart Grid investments for energy savings and clean energy generation. So, it can be expressed as:
Low carbon electricity = IRSP + Smart grid