RADICAL INNOVATION IN THE ELECTRICITY SECTOR: SETTING THE SCENE Chris Pike Competition Committee Working Party No. 2 19 th June 2017
Jan 24, 2018
RADICAL INNOVATION IN THE
ELECTRICITY SECTOR:
SETTING THE SCENE
Chris Pike Competition Committee Working Party No. 2 19th June 2017
Capacity & Consumption
Source: IEA, Electricity Information, 2016
Production
Source: IEA, Electricity Information, 2016
Future Demand Projections
Future Generation projections
Subsidies
Source: IEA (Financial Times Graphic)
Challenge of intermittent renewables
Battery costs
Super-grids
Significant Grid Investment required
Source: IEA, Energy Technology Perspectives 2017
Electricity Prices: USD/unit (2015)
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50
100
150
200
250
300
350
400
electricity for industry electricity for households
Source: IEA, Key World Energy Statistics, 2016
Future Generation projections (2)
Challenge of intermittent renewables (2)
Reducing CO2: renewables and efficiency