Publication

GLOBSEC Grid Transition Index 2024

17.10.2024
grid

The GLOBSEC Grid Transition Index assesses 35 European countries across 30 indicators, analyzing over 3.5 million data points to provide a comprehensive picture of the state of Europe’s electricity grids.

It reveals that key European economies like the Netherlands, Poland, and Romania are severely lagging in grid readiness for the green energy transition. Despite ambitious renewable energy goals, these countries face serious risks, including rising energy costs, delays in decarbonization, and increased vulnerability to power outages.

The European Commission estimates that approximately €584 billion will be needed to upgrade electricity grids across the EU by 2030. The GLOBSEC report underscores that unless these investments are made swiftly, the energy transition could be delayed, especially in countries that are already falling behind.

Read the full report below.

Disclaimer:
After publishing the initial version of the Grid Transition Index, we received feedback on the accuracy of indicator 5 (Load Forecast Accuracy), which used data from the ENTSO-E Transparency Platform. Experts highlighted that the calculation methodologies for this indicator vary significantly among TSOs, potentially explaining unusually high inaccuracy levels in certain countries, such as the Netherlands. Although the calculations of the scores for the GTI based on ENTSO-E data were accurate, we decided to remove this indicator due to the likely skewed nature of the underlying data. We thank the energy experts who have informed us about the inaccuracy of the original indicator 5.
We have released an updated version of the Index (v1.1), which reflects the removal of this indicator. To maintain a consistent 100-point total, three indicators in the “Current Challenges and Electricity Markets” category had their weights adjusted: Electricity Generation from Gas increased from 4 to 5 points, SAIFI from 3 to 5 points, and Grid Losses from 3 to 5 points. Following these recalculations, the relative ranking of some countries has shifted slightly. However, none of the countries moved between the four levels of total preparedness. Thus, the original map in the Grid Transition Index publication remains valid. Apart from these changes, some additional minor corrections were made without an impact on findings of the report.