Radical Innovation in the Electricity Sector – OECD Competition Division - June 2017 OECD...

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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)

0

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

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