Timing-based business models for flexibility creation in the electric power sector

Item Type Journal paper
Abstract Energy policies in many countries push for an increase in the generation of wind and solar power. Along these developments, the balance between supply and demand becomes more challenging as the generation of wind and solar power is volatile, and flexibility of supply and demand becomes valuable. As a consequence, companies in the electric power sector develop new business models that create flexibility through activities of timing supply and demand. Based on an extensive qualitative analysis of interviews and industry research in the energy industry, the paper at hand explores the role of timing-based business models in the power sector and sheds light on the mechanisms of flexibility creation through timing. In particular we distill four ideal-type business models of flexibility creation with timing and reveal how they can be classified along two dimensions, namely costs of multiplicity and intervention costs. We put forward that these business models offer ‘coupled services’, combining resource-centered and service-centered perspectives. This complementary character has important implications for energy policy.
Authors Helms, Thorsten; Loock, Moritz & Bohnsack, René
Projects Loock, Moritz; Reuter, Emmanuelle & Bohnsack, René (2015) EMPOWER - Local Electricity Retail Markets for Prosumer Smart Grid Power Services [fundamental research project] Official URL
Journal or Publication Title Energy Policy
Language English
Subjects business studies
HSG Classification contribution to scientific community
Refereed Yes
Date May 2016
Publisher Elsevier
Place of Publication Oxford
Volume 92
Page Range 348-358
ISSN 0301-4215
ISSN-Digital 1873-6777
Publisher DOI https://doi.org/10.1016/j.enpol.2016.02.036
Depositing User Prof. Dr. Moritz Loock
Date Deposited 18 Feb 2016 19:53
Last Modified 20 Jul 2022 17:27
URI: https://www.alexandria.unisg.ch/publications/247487


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Helms, Thorsten; Loock, Moritz & Bohnsack, René (2016) Timing-based business models for flexibility creation in the electric power sector. Energy Policy, 92 348-358. ISSN 0301-4215


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