March 22, 2017
Connecting electricity grids and markets across borders is a long-term process that requires sustained political support at the highest levels. But it is well worth the effort, because electricity integration benefits all countries and consumers. Electricity integration drives competition, which can lower electricity prices, mobilize investment, facilitate renewable energy deployment, and encourage an optimal use of energy resources across a region.
Electrical interconnections enable exporters to sell excess power generation capacity, while allowing importing countries to meet domestic electricity needs, buy cheaper power, or avoid shortages. They improve reliability and give governments options and flexibility in securing their countries’ electricity needs, especially countries that rely heavily on hydropower and are vulnerable to droughts. Electrical interconnections reduce infrastructure costs by capturing economies of scale and lowering reserve...Read More
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