WG 1 - TC 123/WG 1
TC 123/WG 1
General Information
IEC 63223-1:2026 provides an overview of asset management, its principles and value creation options for the management of network assets in power systems.
This document can be applied to all types of network assets and by all types and sizes of power network companies. The term power network company does not necessarily refer to legally structured companies.
In this document, network assets refer mainly to the physical assets of the electrical energy network, meaning items, equipment, or systems that have potential or actual value for the electric company and are part of the power lines and substations responsible for the transmission and distribution of electrical energy. Examples of network assets that can be included in the asset portfolio of a power network company are presented in IEC 63223-2:2026, 4.2.2.
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Frequently Asked Questions
WG 1 is a Technical Committee within the International Electrotechnical Commission (IEC). It is named "TC 123/WG 1". This committee has published 1180 standards.
WG 1 develops IEC standards in the area of Information technology. Currently, there are 1180 published standards from this technical committee.
The International Electrotechnical Commission (IEC) is the world's leading organization for the preparation and publication of international standards for electrical, electronic, and related technologies. Founded in 1906, the IEC provides a global platform for companies, industries, and governments to meet, discuss, and develop the international standards they require.
A Technical Committee (TC) in IEC is a group of experts responsible for developing international standards in a specific technical area. TCs are composed of national member body delegates and work through consensus to create standards that meet global industry needs. Each TC may have subcommittees (SCs) and working groups (WGs) for specialized topics.