Global Electricity Initiative

In Brief

2011; showcases utility modernizing; see World Energy Council

Description

(2012, London; https://www.worldenergy.org/work-programme/energy-perspectives-studies-groups/global-electricity-initiative).

A program of the World Energy Council, which seeks “to encourage action and cooperation between electricity utilities around the world to achieve access to electricity for all people by 2030 in a reliable, affordable and sustainable way.”  The Initiative was established by the WEC, the World Business Council for Sustainable Development (WBCSD), and the Global Sustainable Electricity Partnership. Deloitte’s Southern African Office is the project partner. Conducts comprehensive surveys from countries that constitute “80% of the world’s installed generation capacity” to increase access to affordable and clean electricity by identifying, recording and sharing information, main trends and issues, and best practices (e.g, Korean Electric Power’s carbon capture and storage is removing almost 100% of CO2 from a 10MW plant.). Estimates that annual global electricity demand will be more than double today’s 22TWh by 2050, requiring an investment of  ~$22 trillion to meet mid-century demand. Utilities are exposed to a wide range of contradictory demands from stakeholders who expect them all to be met simultaneously.

The 2014 Report (World Energy Council, 54p) addressed 8 topics: 1) Electricity access and security of supply; 2) Resources and technologies; 3) Economics and policies; 4) Affordability; 5) Efficiency; 6) Adaptation and mitigation; 7) Land and water use; 8) Stakeholders.  Examples of findings: “100% of GEI utilities believe that fossil fuels will for decades remain the dominant source of energy for power generation…. 73% see smart grid technologies as a possible solution for renewables integration.” The Board of Directors includes representatives of many international companies (e.g., American Electric Power, RusHydro, RWE, State Grid Corporation of China).  Executive chair: Philippe Joubert.

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