The power system is becoming more and more complex. Renewable energy is taking over from fossil fuels. Wind power and other new, renewable energy sources are CO2-free. However, wind power is either on or off – it does not provide the flexibility to increase or decrease production that hydropower from water reservoirs does.
At the same time, consumption varies more than ever before, and more power is flowing between regions and countries. The combined result of these factors is a system that is subject to more fluctuation, just when security of supply is becoming increasingly vital to society.
Smart, efficient and safe
All of this must be taken into account when we construct the power system of the future. Statnett has highlighted three main areas in our strategy.
- First of all, we must choose smarter solutions. This involves digitalisation where appropriate. A well-functioning power system always has its finger on the pulse and reacts quickly when something happens. Automation and better use of data ensure a faster and more accurate response when the balance is threatened. At the same time, we are developing market instruments that make it easier for the system to maintain balance, both now and in the long run.
- Secondly, we are developing a more cost-effective power system. Customers should not have to pay more than necessary for a secure power supply. The combination of digitalisation, well-functioning markets, reasonable investment levels and a constant effort to reduce costs will provide maximum security of supply for the money. At the same time, the secure delivery of power remains a natural foundation for Statnett’s work.
- Last but not least, we must never lose sight of health, safety and the environment. Operating and developing a power system involves risks for both employees and others, and Statnett will never compromise on health, safety and the environment. Statnett has a goal of being among the best TSOs in Europe in terms of HSE.