Article ID: | iaor20128267 |
Volume: | 52 |
Issue: | 7-8 |
Start Page Number: | 55 |
End Page Number: | 59 |
Publication Date: | Jan 2013 |
Journal: | Energy Policy |
Authors: | Boston Andy |
Keywords: | public policy, carbon |
The energy system can only be considered sustainable in the long term if it is low carbon, affordable and secure. These three create a complex trilemma for all stakeholders in the energy business who have to strike a careful balance without neglecting any one aspect. This discussion paper examines the issues surrounding security of supply of the power system which has received less attention than the other aspects. It looks at how threats and mitigation measures can be classified in terms of where they act on the supply chain and the timescale over which they act. Only by considering the full range of timescales from seconds to decades can the full picture emerge of the effects of new technologies on security of supply. An examination of blackouts over the past 40 years sheds light on the causes of failure to supply and the most vulnerable aspects of the supply chain.