Crunch Time for the Power Sector
Making the power sector fit for the twenty-first century requires a “banker” that finances and coordinates relevant long-term investments, and an “architect” that guides the development of a complex, interconnected smart-grid system. National governments need to fill both roles.
MILAN – Many of us take electricity for granted. We flip a switch and expect the light to turn on. But the capacity and resilience of power systems – generation, transmission, and distribution – are not guaranteed, and if these systems fail, it’s lights out for the entire economy.