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Five disruptive trends in the evolving Asian power markets
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Report summary
The power industry has already witnessed signs of disruption with the rapid advancement of technologies. Rigorous environmental policies and the decreasing cost of renewables are rapidly changing the way the power markets function. In this presentation, we look at the five disruptive trends along with the aspects of power infrastructure that will need to adapt and innovate in order to accommodate the impending changes. • Declining cost of renewable generation – LCOE by technology and the shift from FiT/subsidy era to unsubsidised era • Environmental policies – the fall of conventional technologies and initial examples of disruptions • Distributed generation – impact on power system reliability • Advancements in battery storage technologies – costs aside, to what extent can battery support renewables growth? • Electric vehicles – disruptive charging patterns and its impact on power demand
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