” For instance, we have electricity. When we have a moist season … we can offer our deficits. When we have clean years, therefore we import from other countries. This means an effective use of all these assets”, he said.
” In southern Sweden this summer, we had very low (electricity ) prices because we could import solar power from Germany”.
Sharing power across time zones saves money because it saves money to buy energy during peak times and to export when other countries are experiencing higher consumer demand, according to Prof. Soder.  ,
He argued that meeting the rising energy demand requires a integrated and versatile electricity market.
” You have to have a typical business. Charges must be in agreement between the various nations. It must be a liberalised market with frequent laws”, he said.
Would A SHARED GRID WORK FOR SINGAPORE?
In Southeast Asia, an connected network is already in use, though on a smaller scale than in Europe.
There are now diplomatic connections that involve Singapore and Malaysia, Thailand and Malaysia, and Laos and Vietnam.
A shared energy grid, according to Dr. David Broadstock, a senior research fellow at the Sustainable and Green Finance Institute at the National University of Singapore, is useful for Singapore because it has a limited amount of renewable energy available.
” Within Singapore, we’re constrained in terms of how much domestically-produced clean power we can make using existing systems. We can use the land resources and space that neighboring nations have if we move into a shared network, he told CNA.