Least cost planning definition

Least cost planning means the use of best available

Least cost planning means a process of comparing direct and indirect costs of demand and supply options to meet transportation goals and/or policies where the intent of the process is to identify the most cost-effective mix of options.

Least cost planning means a planning approach which will find the set of options most likely to provide utility services at the lowest cost once appropriate service and reliability levels are determined.

Examples of Least cost planning in a sentence

• Least cost planning originated in the energy sector in the United States during the 1980’s for comparing energy conservation programs with increased generation from sources of supply (Beecher, 1996).

• Least cost planning studies resulted in the construction of Larsen Unit No. 8, a natural gas fired combined cycle unit with a nameplate generating capability of 124,000 kW.

• Least cost planning has emerged as the way forward for water utilities in regions where water conservation has become an objective or where ongoing supply expansion is constrained (Fane et al, 2004).

• Least cost planning, using appropriate software, geographical information systems, energy and socio-economic statistics, aerial maps and meteorological data will be carried out.

• Least cost planning should be the cornerstone of any policy, before any other factors are considered.

• Least cost planning, as the Commission defined it at the time, “refers to efforts by utilities and regulators to ensure that the lowest cost options to the ratepayers and utilities are integrated into the designing resource plans for the provision of energy services to customers.” Order No. 87-569.

• Least cost planning optimizes the resources needed to meet future load growth.

• Least cost planning, using appropriate software, geographical information systems, energy and socio-economic statistics, aerial maps and meteorological data will be carried out in the formulation of the National Electrification Master Plan (NEMP) of Fiji.

• Least- cost planning dominated the IRP landscape for many years; however, several states have introduced least-risk planning and metrics as a way to gauge the potential for long-term rate stability.

• Least cost planning studies resulted in the construction of Larsen UnitNo. 8, a natural gas fired combined cycle unit with a nameplate generating capability of 124,000 kW.

More Definitions of Least cost planning

Least cost planning means measures which the licensee is able to takemeasures" which would encourage the efficient use or conservation of electricity by consumers of electricity so as to reduce or constrain demand for electricity and so postpone or remove the necessity for new generation capacity to be commissioned;