The electricity sector is at a turning point in the transition to low-carbon sources for generating power. This transition requires massive investments in new generation assets, transmission and distribution networks, as well as improving system operations while managing the transformation associated with new IT and distributed technologies. The deployment of distributed resources, wind, solar PV and demand response is potentially disruptive for the electricity industry. Regulatory and market arrangements must keep pace with these potential game changers.
Against this background, the IEA has established an Advisory Panel on Electricity Security. The Advisory Panel provides a forum for public and private stakeholders to meet at regular intervals to discuss new developments in electricity markets and to present their views on improvements needed to ensure electricity security.
Electricity Security Advisory Panel
In May 2015, the Group of Seven (G7) Energy Ministers asked the IEA to help determine the best means of improving electricity security, including through increasing system flexibility. Among the many avenues that the Agency is examining for the G7 is how to better incorporate intermittent renewable energy into electricity grids to guarantee a reliable and steady supply. The IEA has already undertaken extensive analysis of viable grid integration of significant shares of electricity whose generation varies based on sunshine and winds.
Expert Workshop I: Scarcity and Flexibility Pricing, 2 July 2014 - / Presentations