A wind of change is blowing through the power grid
Meeus, Leonardo Dobbeni, Daniel
Meeus, Leonardo
Dobbeni, Daniel
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White paper
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2015
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Book
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17
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Abstract
“Unlike many other sectors, power systems – and electricity grids in particular – were a model of stability and predictability; this is no more the case!” says Daniel Dobbeni, the chair of the Vlerick Energy Centre. “This industry was and still is also highly diverse,” adds Prof. Leonardo Meeus. “16 companies manage 70% of global electricity demand. 41 companies manage 100% of the electricity demand in Europe. The distinction between a transmission grid and a distribution grid for transporting electricity is 70,000 volts in Belgium, which is just defined by regulations. There are more than 2,300 distribution grid companies in Europe, the smallest of which has only one employee.” This energy sector is now facing all kinds of new challenges as well as opportunities. The liberalisation of the power market has not only undermined stability, but triggered an unstoppable acceleration process. Of all the new trends and uncertainties in the market, there are four that could genuinely cause a fundamental revolution in the sector.
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Electricity