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Symposium 2010

Solution for Towards a Global Electricity Market

The Challenge

In principle, solar and wind are more than enough to deliver any amount of energy that the world’s population might need. But these sources are usually best exploited in areas that are far from ce ...

In principle, solar and wind are more than enough to deliver any amount of energy that the world’s population might need. But these sources are usually best exploited in areas that are far from centers of demand. It is technologically challenging to transport electricity over large distances and even more to store it. As a consequence, electricity markets have tended to develop as regional markets.

Attract institutional investors to finance grid development.

The enormous costs of adapting the electricity grid to the future challenges of higher fluctuations and longer distances are too high to be borne by single players. But institutional investors such as pension funds could provide the necessary capital in a decentralized way. Since electricity grids are natural monopolies that are highly regulated, investors could rely on a stable and considerable return, reflecting the low risk involved.

    Implemen- tations

    Implementation
    Symposium 2010

    ENTSOE—European Electricity Grid Initiative and GRID+ Project

    Polity, Academia, Business, Civil Society

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