The Elia group in a rapidly evolving environment

4 The Elia group in a rapidly evolving environment

In short

• The four megatrends - decarbonisation, decentralisation, supranational coordination and digitalisation - are both challenges and opportunities.

• Social, economic and political developments like the European Green Deal are the foundation of our ambition to accelerate the energy transition.

• The regulatory environments we operate in are changing; we must ensure we are still able to drive the energy transition under these.

As the Elia group continues to grow into a leading European energy company, our vision remains clear: “a successful energy transition for a sustainable world”. Indeed, given that the European Green Deal aims to make Europe the world’s first climate-neutral continent by 2050, the swift decarbonisation of the energy sector will play a major role in ensuring that the energy transition is a success - as outlined in a joint paper we published with seven other European TSOs last July (entitled ‘Decarbonising the energy system - The role of Transmission System Operators’).

We have the mandate, skills and capabilities to develop and operate the infrastructure of the future, run a safe and reliable power system and design solutions for a renewables-based electricity market. Responding to social and political demands for the decarbonisation of the energy sector, we are harnessing innovation across all our activities to deliver on our mission of integrating renewables into the system and so providing all consumers with reliable, sustainable and affordable energy. Fulfilling our mission will not be without its challenges, however, since the energy landscape is undergoing a fundamental transformation. Important shifts - social, political, economic and technological - are underway, leading to the identification of four relevant megatrends.

ACCESS THE JOINT PAPER HERE: