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Duke Energy Indiana slow to adopt low-cost advanced energy resources

Posted by Adam Winer on Dec 16, 2021

Newly-submitted integrated resources plan (IRP) from Duke Energy Indiana locks in high-cost fuel sources
 

INDIANAPOLIS, December 16, 2021 – This week Duke Energy Indiana announced what types of energy it expects to use to power homes and businesses in its coverage area over the next two decades, revealing plans to continue heavy use of fossil fuels despite more affordable advanced energy options on the market.

“Natural gas prices are rising and Hoosier ratepayers are already feeling the effects, but this plan by Duke Energy Indiana doubles down on a fuel that utility executives know is more expensive today and predictably volatile tomorrow,” says Sarah Steinberg, principal at Indiana Advanced Energy Economy (AEE). “It also delays the addition of advanced energy resources, like solar, wind, and battery storage, until the next decade, which will lock in higher bills for Hoosier ratepayers instead of making investments in more cost-effective options today.”

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Topics: Press Releases, indiana, Sarah Steinberg