pIRP: A Probabilistic Tool for Long-Term Integrated Resource Planning of Power Systems

The penetration of renewable energy resources (RER) and energy storage systems (ESS) into the power grid has been accelerated in recent times due to the aggressive emission and RER penetration targets. The Integrated resource planning (IRP) framework can help in ensuring long-term resource adequacy while satisfying RER integration and emission reduction targets in a cost-effective and reliable manner. In this paper, we present pIRP (probabilistic Integrated Resource Planning), an open-source Python-based software tool designed for optimal portfolio planning for an RER and ESS rich future grid and for addressing the capacity expansion problem. The tool, which is planned to be released publicly, with its ESS and RER modeling capabilities along with enhanced uncertainty handling make it one of the more advanced non-commercial IRP tools available currently. Additionally, the tool is equipped with an intuitive graphical user interface and expansive plotting capabilities. Impacts of uncertainties in the system are captured using Monte Carlo simulations and lets the users analyze hundreds of scenarios with detailed scenario reports. A linear programming based architecture is adopted which ensures sufficiently fast solution time while considering hundreds of scenarios and characterizing profile risks with varying levels of RER and ESS penetration levels. Results for a test case using data from parts of the Eastern Interconnection are provided in this paper to demonstrate the capabilities offered by the tool.