CORRECTING and REPLACING Looking Ahead: New APS Plan Addresses Growing Customer Energy Needs
01 Novembro 2023 - 11:50PM
Business Wire
Resource planners track Arizona’s projected
growth over 15 years, lay out future power supply
In the first paragraph after the bullet point list, the fourth
sentence should read: By 2037, APS forecasts more than one million
EVs in its service territory (instead of: By 2027, APS forecasts
more than one million EVs in its service territory).
The updated release reads:
LOOKING AHEAD: NEW APS PLAN ADDRESSES
GROWING CUSTOMER ENERGY NEEDS
Resource planners track Arizona’s projected
growth over 15 years, lay out future power supply
APS filed the 2023 APS Integrated Resource Plan (IRP) at the
Arizona Corporation Commission today. It includes strategic
years-ahead planning to continue to provide customers a reliable
power supply well into the future. The 2023 IRP provides a 15-year
outlook on how much electricity APS customers will need and what
investments are necessary to address those needs with
around-the-clock energy amid unprecedented growth of people and
businesses moving to Arizona.
APS worked with its Resource Planning Advisory Council (RPAC), a
stakeholder group that includes local consumer advocates,
university researchers, resource developers and environmental and
public interest organizations. This group participated in meetings
and workshops over the last year to incorporate transparency,
diverse perspectives and extensive dialogue into the integrated
resource planning process.
“Our state is growing rapidly and when we think about how
important reliable power is for customers, and especially
considering the unique challenges Arizona’s summers bring, it’s
critical we plan years in advance,” said Jacob Tetlow, APS
Executive Vice President of Operations. “Our team has worked
collaboratively with a diverse group of stakeholders to develop the
2023 IRP and find pathways to continue to provide top-tier
reliability, while maintaining affordable rates, for our customers
well into the future.”
How much power will APS customers need
in the future?
APS resource planners used extensive modeling and data analysis
to develop forecast projections for energy demand. For perspective,
today, APS customers benefit from almost 9,400 megawatts (MW) of
available electricity, an amount the energy company reached over
the span of nearly 140 years since it began serving customers.
Thanks to previous planning, that supply was available and served
around-the-clock use of air conditioning by homes and businesses
during the record-breaking 2023 summer heat wave.
Looking ahead, the modeling shows:
- By the end of 2027, APS customers will need about 11,350 MW, an
amount equivalent to what it takes to serve about 1.8 million
Arizona homes.
- By 2031, APS customers will require a total of more than 13,000
MW and peak demand will grow by about 40%. Peak demand is a period
of time when customer energy use is at its highest.
- By 2038, APS customers will need more than 14,820 MW of
electricity.
What’s driving the need for more
energy?
Arizona is experiencing a boom in growth and development and the
state’s population is expected to increase an average of more than
1.3% annually. That translates to about 23,000 new APS customers
each year. Individual customers are using more electricity, too,
not only with their air conditioners to keep cool in the summer
heat but also as they utilize more devices and products that are
powered by electricity. As drivers continue to make the switch from
gas-powered cars and trucks to electric, charging those vehicles
will also contribute to increased energy use. By 2037, APS
forecasts more than one million EVs in its service territory. In
addition to residential customer growth, large businesses like
manufacturing companies and data centers are moving to and
expanding in APS’s service territory – a trend taking place in
other parts of the country as well.
Where will additional reliable power
come from to serve APS customers?
To keep up with this level of energy demand, APS will make
necessary investments so customers can continue to benefit from a
strong and reliable power supply that is transitioning to 100%
clean and carbon-free by 2050. Over the next several years, APS
customers will benefit from careful planning that ensures
reliability, maintains affordability and secures increasing amounts
of cost-effective renewable energy. By 2027, APS will seek to add
more than 6,000 MW of solar and wind power, coupled with battery
storage, which will provide the greatest long-term value and
affordability to customers. With this technology, APS can capture
that clean renewable energy and store it for customers to use
later, when the sun isn’t shining and the wind isn’t blowing.
Maintaining a balanced energy mix will be critical to keeping
the lights on as APS plans to exit from coal-fired electricity
generation in 2031. During our transition from legacy coal
facilities, APS will utilize flexible natural gas resources that
can ramp up quickly during times of the day when customers need
electricity the most and make use of existing infrastructure to
maintain customer affordability.
As owner and operator of Palo Verde Generating Station, the
nation’s largest producer of carbon-free electricity, and with one
of the country’s most substantial renewable energy portfolios,
APS’s current energy mix is already 51% clean and includes
renewable energy technologies and traditional energy resources that
keep power flowing to customers 24/7.
To learn more about the IRP and Arizona’s energy future, visit
aps.com/resources.
APS serves approximately 1.4 million homes and businesses in 11
of Arizona’s 15 counties, and is a leader in delivering affordable,
clean and reliable energy in the Southwest. The company is
committed to serving customers with 100% clean power by 2050. With
headquarters in Phoenix, APS is the principal subsidiary of
Pinnacle West Capital Corp. (NYSE: PNW).
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version on businesswire.com: https://www.businesswire.com/news/home/20231101819692/en/
Media Contact: Yessica del Rincon, 480-209-8513 Analyst Contact:
Amanda Ho, 602-250-3334 Website: aps.com/newsroom
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