Contents I. Introduction
While the last half century was dominated by the communication revolution, the next several decades will be dominated by electric power and energy systems (EPESs). Since the global economic crisis of 2008, energy has started to dominate the market landscape [1]. However, the emergence of a real transformation in EPESs started in December 2015 with the adoption of the climate change agreement at the Paris UN Climate Change Conference (COP21) [2]. The transformation in EPESs emphasizes increasing efficiency and improving the reliability of electric power network operations, energy conservation, renewable sources of distributed power generation, and reduction of carbon emissions [2]. The major drivers of this transformation are shown in Fig. 1.
Major drivers of the transformation in electric power industry.
