Abstract
The electrical power sector plays an important role in the economic growth and development of every country around the world. Total global demand for electric energy is growing both in developed and developing economies. The commitment to the decarbonization of economies, which would mean replacing fossil fuels with renewable energy sources (RES) as well as the electrification of transport and heating as a means to tackle global warming and dangerous climate change, would lead to a surge in electricity consumption worldwide. Hence, it appears reasonable that the electric power sector should embed the principles of sustainable development into its functioning and operation. In addition, events such as the recent European gas crisis that have emerged as a result of the massive deployment of renewables need to be studied and prevented. This review aims at assessing the role of the renewable energy in the sustainable development of the electrical power sector, focusing on the energy providers and consumers represented both by businesses and households that are gradually becoming prosumers on the market of electric energy. Furthermore, it also focuses on the impact of renewables on the utility side and their benefits for the grid. In addition, it identifies the major factors of the sustainable development of the electrical power sector.
Highlights
The electricity generated using many forms of renewable energy sources might open spatial and temporal gaps between the availability of the energy and its consumption by end users [41,42]. When it comes to the scope and novelty of this work compared to other similar reviews, this work assesses the role of renewable energy in the sustainable development of electrical power sector both by focusing on the energy providers and consumers as well as by concentrating on the impact of renewables on the utility side and their benefits for the grid
Since renewable energy sources are connected to the grid, capacity issues arise, but energy storage is the main problem with long-standing systems
It appears that the role of renewable energy in the sustainable development of the electrical power sector is far from underestimated
Summary
Renewable energy sources (which used to be dubbed “alternative energy sources”). Of all renewable energy sources, hydropower is one of the most commercially developed, and hydro and wind power make up more than one-third of combined electricity generation in the United States [26]. The electricity generated using many forms of renewable energy sources might open spatial and temporal gaps between the availability of the energy and its consumption by end users [41,42] When it comes to the scope and novelty of this work compared to other similar reviews, this work assesses the role of renewable energy in the sustainable development of electrical power sector both by focusing on the energy providers and consumers as well as by concentrating on the impact of renewables on the utility side and their benefits for the grid.
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