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Digitalisation and New Business Models in Energy Sector

Author

Listed:
  • Sinan Küfeoglu

    (EPRG, CJBS, University of Cambridge)

  • Gaomin Liu

    (Department of Engineering, University of Cambridge)

  • Karim Amaya

    (EPRG, CJBS, University of Cambridge)

  • Michael G. Pollitt

    (EPRG, CJBS, University of Cambridge)

Abstract

This paper reviews digitalisation in energy sector by looking at the business models of 40 interesting new start-up energy companies from around the world. These start-ups have been facilitated by the rise of distributed generation, much of it intermittent in nature. We review Artificial Intelligence (AI), Machine Learning, Deep Learning and Blockchain applications in energy sector. We discuss the rise of prosumers and small-scale renewable generation, highlighting the role of Feed-in-Tariffs (FITs), the Distribution System Platform concept and the potential for Peer-to-Peer (P2P) trading. Our aim is to help energy regulators calibrate their support new business models.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Sinan Küfeoglu & Gaomin Liu & Karim Amaya & Michael G. Pollitt, 2019. "Digitalisation and New Business Models in Energy Sector," Working Papers EPRG1920, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
  • Handle: RePEc:enp:wpaper:eprg1920
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    File URL: https://www.eprg.group.cam.ac.uk/wp-content/uploads/2019/06/1920-Text.pdf
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    References listed on IDEAS

    as
    1. Khan, Agha Salman M. & Verzijlbergh, Remco A. & Sakinci, Ozgur Can & De Vries, Laurens J., 2018. "How do demand response and electrical energy storage affect (the need for) a capacity market?," Applied Energy, Elsevier, vol. 214(C), pages 39-62.
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    Citations

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    Cited by:

    1. Michael G. Pollitt and Karim L. Anaya, 2020. "Competition in Markets for Ancillary Services? The Implications of Rising Distributed Generation," The Energy Journal, International Association for Energy Economics, vol. 0(Special I).
    2. Duch-Brown, Néstor & Rossetti, Fiammetta, 2020. "Digital platforms across the European regional energy markets," Energy Policy, Elsevier, vol. 144(C).
    3. Piotr F. Borowski, 2020. "Zonal and Nodal Models of Energy Market in European Union," Energies, MDPI, Open Access Journal, vol. 13(16), pages 1-21, August.
    4. Olga V. Loseva & Svetlana V. Karpova & Konstantin O. Rasteryaev & Elizaveta S. Sokolova & Svetlana V. Makar & Khvicha P. Kharchilava, 2020. "Sustainable Energy in Island States: Comparative Analysis of New Trends in Energy Digitalization and the Experience of the UK, Japan, Indonesia and Cyprus," International Journal of Energy Economics and Policy, Econjournals, vol. 10(6), pages 722-731.
    5. Piotr F. Borowski, 2021. "Digitization, Digital Twins, Blockchain, and Industry 4.0 as Elements of Management Process in Enterprises in the Energy Sector," Energies, MDPI, Open Access Journal, vol. 14(7), pages 1-20, March.
    6. Hiteva, Ralitsa & Foxon, Timothy J., 2021. "Beware the value gap: Creating value for users and for the system through innovation in digital energy services business models," Technological Forecasting and Social Change, Elsevier, vol. 166(C).
    7. Tim Schittekatte & Valerie Reif & Leonardo Meeus, 2021. "Welcoming New Entrants into European Electricity Markets," Energies, MDPI, Open Access Journal, vol. 14(13), pages 1-20, July.

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    More about this item

    Keywords

    Feed-in tariff; Distribution System Platform; Peer-to-Peer; Blockchain;
    All these keywords.

    JEL classification:

    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities

    NEP fields

    This paper has been announced in the following NEP Reports:

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