This happening at a time when we are seeing a shift in final energy consumption with demand for electricity doubling globally by 2060.
The electricity sector is undergoing change at an unprecedented pace with the growth in distributed generation enhancing trends in decentralisation and decarbonisation, opening new opportunities and challenges for countries to balance the energy trilemma.
The World Energy Trilemma 2017: ‘Changing dynamics - Using distributed energy resources to meet the Trilemma challenge’, published by the World Energy Council, in partnership with global consultancy Oliver Wyman, a subsidiary of Marsh & McLennan Companies, has identified three key focus areas for policymakers and industry leaders to consider building a resilient energy system of tomorrow.
“Decentralisation can empower local communities, firms and local communities, who produce energy through wind and solar installations of their own. The recommendations of this report attempt to present policymakers with clear choices and potential solutions to the Energy Trilemma which are in the interests of society as a whole.”
The report highlights key findings emerging from interviews with energy leaders:
Distributed energy resources are becoming increasingly important to the energy system
Changes in electricity supply structure is expected to shift from a centralised to a hybrid model between 2017 – 2025
More than 50% of energy leaders surveyed for the report expect a rapid increase in the share of installed distributed generation capacity in their country to 15% or higher by 2025
Innovative market entrants such as energy service aggregators, rural entrepreneurs and consumers are driving forces behind the increase in distributed energy resource
Energy storage is becoming a key element of the grid of tomorrow
This report will lay the foundations for discussions at COP23 in Bonn, where it will be launched on 15 November in addition to the 2017 Energy Trilemma Index, which rates countries’ energy performance globally, providing a framework to monitor progress.
Speaking ahead of the COP23 meeting, Christoph Frei, Secretary General of the World Energy Council, said:
Use the interactive Trilemma Index Tool and its Pathway Calculator (which will be available after the embargo date) to find out more about countries’ trilemma performance and what it takes to build a sustainable energy system: https://trilemma.worldenergy.org/