Recently, Europe experienced its largest blackout in over two decades, affecting Spain, Portugal, and parts of France. This incident has prompted discussions among European leaders and energy operators about the stability of power grids across the continent. Experts emphasize that while such blackouts are rare, they can occur due to unforeseen factors like extreme weather events. Despite improvements in reliability, complete blackout prevention is economically unfeasible, urging governments to balance risk management with costs in their energy systems.
No system can be 100% resilient, so risks need to be balanced with our willingness to pay to reduce them.
These networks are not designed to be completely blackout-free because achieving such a level of reliability would require investment far beyond what is economically feasible.
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