Hall, S orcid.org/0000-0002-1558-7081 and Roelich, K orcid.org/0000-0001-6979-5401 (2016) Business model innovation in electricity supply markets: The role of complex value in the United Kingdom. Energy Policy, 92. pp. 286-298. ISSN 0301-4215
Abstract
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.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2016, The Authors. Published by Elsevier Ltd. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/). |
Keywords: | Local electricity supply; Business models; System Regulation; Market innovation |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Environment (Leeds) > School of Earth and Environment (Leeds) > Sustainability Research Institute (SRI) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 13 Jul 2016 13:15 |
Last Modified: | 08 Apr 2021 14:11 |
Published Version: | http://dx.doi.org/10.1016/j.enpol.2016.02.019 |
Status: | Published |
Publisher: | Elsevier |
Identification Number: | 10.1016/j.enpol.2016.02.019 |
Related URLs: | |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:102361 |