Emerging trends in the electricity sector – namely the energy transition, cyber threats and climate change – will require a rethinking of traditional frameworks for ensuring electricity security. The good news is that policy makers, regulators, system operators and industry have a solid basis from which to build, shows IEA’s latest report “Power systems in transition”. The basic tenets of electricity security, embodied in existing practices for achieving operational security, adequacy and system resilience, can evolve to adapt to the trends of the future. Moreover, new technologies expand the set of tools that they can use to maintain security of supply.
“Many countries have already started to put in place policies, rules and practices that address these major trends affecting their power sectors, offering important lessons. While each trend or threat to the system might require a specific, tailored security response, several overarching action areas can serve as the basis for achieving more appropriate electricity security frameworks for the future. These are as follows: institutionalising responsibilities and incentives; identifying risks; managing and mitigating risks; monitoring progress; and responding to and recovering from disruptions”, according to IEA.