“Without new approaches to financing and capital efficiency, TSOs may fall short of delivering the infrastructure needed to meet Europe’s climate and reliability goals,” the company said, identifying three problematic areas. These are, first, limitations to TSOs capacity to raise money via debt or equity; second, a tension between efforts to keep electricity costs low for consumers while ensuring a certain level of returns to investors in grid operators; and third, different expectations of these grid operators from governments, on the one hand, and investors, on the other.
