Development smart grids Spain - Futured

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Development smart grids Spain. FutuRed - BCGThe development of smart grids is estimated to produce around 20,000 new direct jobs in Spainand 20,000 to 30,000 new indirect jobs, resulting in a total of 40,000 to 50,000 recurring jobs.Direct jobs from smart grids will be created in areas like manufacturing communications andelectrical equipment, their set-up, on-site installation and later maintenance. New jobs will alsobe created in power companies in the industry to manage new infrastructures and consumptioninformation in real time.Of the indirect jobs that will be created, some of the most interesting are from the creationof new business models, like power management companies, and the increase in activity for indirecttechnology and solution suppliers.2.1.1.3. Reduction of energy dependenceThe Spanish power sector is heavily dependent on foreign sources. Nearly 76% of primaryenergy consumed in 2011 in Spain came from imported fossil fuels.The better integration of renewable energies into the power supply and the e-vehicle, demandmanagement and increased energy efficiency would reduce Spain’s energy dependence.The smart grids system favors the penetration of renewable energies into the power generation andmakes managing the demand curve more efficient. Fossil fuel imports, especially of the less sustainableones, will drop 10,800 ktep of primary energy, which means Spain’s energy dependence could drop 5.3percentage points. The Spanish power sector’s energy dependence would fall 12.2 percentage points.By tempering the need to buy and import fossil fuels, a smart grids system would reduce themarket risks of exchange rates and of possible political instability in countries that usually supplythese types of fuel.8
Development smart grids Spain. FutuRed - BCG2.1.1.4. Abatement of CO 2The lower use of fossil fuels to generate power (from the abovementioned effects of the higherpenetration of renewable energies and a more efficient management of the demand curve) willmean 15 million tons of CO 2less will be produced a year, or 3.7% lower emissions levels inSpain by 2020. The Spanish power system could produce 15% less CO 2emissions by 2020.2.1.2. Benefits for the Spanish technology and industrial sectorsToday, the Spanish power system is the European benchmark in terms of efficiency and servicequality. Spain’s service quality improved 8% a year from 2006 to 2020 (30% in all), withgrid efficiency that doubles Europe’s and is three times higher than Germany’s.Figure 1: Service quality and efficiency in major European countries 1Source: Each country’s energy regulator, Council of European Energy Regulators (CEER), The Boston Consulting GroupThe development of smart grids will allow Spain to maintain and improve its position as aninternational best-practice in efficient power system management. This international positioningmakes it easier for the power companies to export their knowledge beyond our frontiers, capitalizingon the experience and success in Spain, and will play an active role in the process to reconfigurethe power sector at the European and world levels.The evolution towards smart power grids is a global trend in developed and developing countries.Some developed countries are already promoting smart grids like the United States, whichhas already earmarked $4,500M of public funds to deployment. The IEA recommends developingcountries to include smart elements when implementing power systems.1. The term CAGR on the graph refers to Compound Annual Growth Rate9
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Page 34: About the authorsMagín Yáñez is

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