Conclusions in opaque IRP 2023 are ‘incorrect and economically damaging’

In an excoriating assessment of the draft Integrated Resource Plan 2023 (IRP 2023), Meridian Economics points to serious problems with the modelling and cost assumptions used by the Department of Mineral Resources and Energy (DMRE), which the consultancy says has resulted in “incorrect and economically damaging conclusions”. Released days ahead of the March 23 deadline for public comment, Meridian described the IRP 2023 as an opaque document that fails to achieve its own stated purpose of ensuring a secure, affordable and clean power system.