Flex and Balances by Accenture
Significant shifts are under way in how electricity is produced and consumed in Europe. On the demand side, adoption of electric vehicles (EVs) and the switch to electricity for heating and cooling of residential and commercial buildings are gaining momentum. On the supply side, wind and solar power are accounting for a growing share of electricity generated in Europe. The net impact of these shifts will be higher demand peaks, but of shorter duration. The industry is being challenged to find new ways to match supply and demand.