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How the energy transition changes the competitiveness of countries regarding electricity supply? What are the consequences for industrial activities?
The energy transition alters the energy competitiveness of countries when it comes to industrial activities. Historically, countries that were competitive benefitted from relatively low-cost energy sources, such as nuclear, coal, hydropower. Tomorrow, the competitiveness will strongly depend on the cost of renewable generation, of the grid and of the flexibility.
Countries such as Sweden and Finland historically benefited from competitive electric system with low-cost renewable generation sources. In the future, they should be joined by countries with low generation costs of solar and wind, such as Spain, Italy, Texas. On the contrary, countries with high generation costs such as France and Germany could be disadvantaged by these changes.
Alongside with the generation costs, flexibility and local grid improvement are crucial to ensure a reliable, stable and therefore competitive power supply for industrials. The capacity margins and the electricity quality are key criteria for industrials.
European countries committed to industrial development must meet these challenges if they are to remain competitive for industries.
Interested to get more details about the electricity cost with energy transition, read the white paper below, and do not hesitate to contact us for further information !
