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IEC White Paper: Strategic asset management of power networks

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White Paper

Strategic asset management
of power networks

 

The electrical power network sector is undergoing a period of profound change, and asset management remains the number one challenge for most network businesses around the world.

 

There are very few International Standards that define a common language and metrics or provide examples of best practice to guide network businesses and their broader stakeholders worldwide on this topic,. This current lack of International Standards or guidelines on asset management for electrical networks will have a significant impact on the reliability and future viability of the electricity sector.

 

This White Paper explores the issue of asset management in the electricity power network sector and identifies areas of practice that could benefit from International Standards.

 

The White Paper was prepared by the IEC Market Strategy Board (MSB) project team on strategic asset management of power networks with support from N.OGEE Consultants, after extensive industry consultation.

 

Three international workshops, held around the world, were attended by electricity network businesses, equipment manufacturers, research institutions and other standards organizations. They shared their current approach on asset management and provided insights on areas where Standards or guides for electricity network asset management, could benefit their business.