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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.

Implement smart grid technology by empowering energy supply, distribution and consumption with two-way information and communication technologies.

A significant share of electricity use is not bound to certain times of the day. If this share of electricity use could be moved away from peak hours towards a time when electricity use is low, large differentials between supply and demand could be bridged. The prerequisite for this coordination exercise is the establishment of an information and communication infrastructure between supply and consumption of electricity. Storage facilities and grid management could also be included in the communication flow.

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