Transforming the U.S. and EU Electric Power Sectors: Workshop Report and Recommendations for Transatlantic Cooperation. Center for Strategic & International Studies. Sarah Ladislaw, Stephen J. Naimoli. August 29, 2019
Across Europe and the United States, the electric power
sector is undergoing a fairly profound transformation driven by a changing fuel
mix, higher penetration of renewable energy resources, changing consumer
preferences and interface with the electric power system, and evolving business
models. Policy and regulatory frameworks need to be updated to reflect these
changes and facilitate future transformation. In both places this
transformation is uneven, with some localities moving along faster than others,
and complex, driven by a variety of factors. While the transformation is
multidimensional, two conversations relating to the long-term vision for the
sector are central to navigating a path forward. First, what are the challenges
and opportunities associated with higher penetration of renewable energy and
distributed energy resources? Second, what are the opportunities and challenges
associated with the electrification strategies, particularly for measures to
electrify transport and industry? In addition, the increased digitalization of
the energy sector writ large, and specifically the electric power sector,
raises issues about access to data, cybersecurity, and grid resilience, all
areas that have become an integral part of the conversation in the European
Union and the United States on the transformation of the electric power sector.
The following brief outlines some of the issues related to
these topics that were discussed at a recent U.S./EU stakeholder workshop held
at the Center for Strategic and International Studies in June 2019. The
information and reflections here do not necessarily represent the views of the
participants and are meant to serve as useful background to stimulate further
discussion. [Note: contains copyrighted material].
[PDF format, 16 pages].