Business model innovation in electricity supply markets: The role of complex value in the United Kingdom
By S. Hall, K. Roelich. 2016
169 citations recorded by the source corpus.
This research investigates the new opportunities that business model innovations are creating in electricity supply markets at the sub-national scale. These local supply business models can offer significant benefits to the electricity system, but also generate economic, social, and environmental values that are not well accounted for in current policy or regulation. This paper uses the UK electricity supply market to investigate new business models which rely on more complex value propositions than the incumbent utility model. Nine archetypal local supply business models are identified and their value propositions, value capture methods, and barriers to market entry are analysed. This analysis defines 'complex value' as a key concept in understanding business model innovation in the energy sector. The process of complex value identification poses a challenge to energy researchers, commercial firms and policymakers in liberalised markets; to investigate the opportunities for system efficiency and diverse outcomes that new supplier business models can offer to the electricity system.
Subfields: Electrical and Electronic Engineering, Renewable Energy, Sustainability and the Environment
View Paper: https://www.semanticscholar.org/paper/a12fbdce7d2eaab4ab5898c7ab920ab552ffa40f
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In Electrical and Electronic Engineering
In Renewable Energy, Sustainability and the Environment
- Ralitsa Hiteva
- J. Hahladakis
- J. Millward-Hopkins
- E. Iacovidou
- S. Hall
- Mark Davis
- Donal Brown
- P. Purnell
Citations in the corpus
- Harnessing social innovation for energy justice: a business model perspective (2017, background): “…with social values (such as justice, cohesion and community development) becoming part of the business model of energy generation, supply and use (Hall and Roelich, 2016; Roelich and Bale, 2014); as well as values such as environmental protection, moving from the periphery to the core of energy…”
- A pathway to circular economy: Developing a conceptual framework for complex value assessment of resources recovered from waste (2017, background): “They are underpinned by the transformation of material properties and products and their associated, actual or perceived, functionality/utility (Hall and Roelich, 2016).”
- What is prosumerism for? Exploring the normative dimensions of decentralised energy transitions (2020, background): “To facilitate the transition towards de-centralised and prosumer led energy systems, various authors have highlighted the importance of new business models [20,38,39].”