SupergridEurope’s Post

⚡For every €1.3 billion invested in grids, generation costs are reduced by €4 billion annually in Europe, according to ENTSO-E. Analysis in the United States by the North American Electric Reliability Corporation (NERC) found that investing in 32 GW of cross-state transmission would cost $1.8 billion annually but deliver $7.8–10.6 billion in consumer benefits, with a payback period of less than three years. Across studies and jurisdictions, the conclusion is clear: system benefits outweigh costs many times over. Investment in the grid doesn’t just pay for itself – it multiplies returns. Read SupergridEurope's position paper on the upcoming EU Grids Package here: https://lnkd.in/eMNN62Ki #Supergrid #EnergyTransition #ElectricityGrids #RenewableEnergy

Christian Kjaer

Chief Public Affairs Officer at SuperNode Ltd & Executive Director SupergridEurope

1mo

Perhaps not a free lunch, but the economic benefits of building electricity interconnectors look very attractive on both sides of the Atlantic.

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