Intellectuals agree that energy is a key pillar for the sustainable growth of any nation. Simply said, the economy is dependent on cheap electricity. Some of the countries with gigantic economies boast of the stability of their energy sectors in terms of production and supply. This is evidenced in countries such as China, the US, Russia, Japan, France, Germany, and South Korea, just to mention a few.
From the Global Energy Architecture Performance Index, the three fundamental goals that form the basis for benchmarking energy systems include level to which a nation’s energy architecture either detracts/adds to its economic growth; the impact of supply and consumption on environmental sustainability and; the extent of security, accessibility, and diversification of power supply.