Technological Disruptions and Service-Based Business Models in the Power Sector

KAPSARC, King Abdullah Petroleum Studies and Research Center
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KAPSARC, King Abdullah Petroleum Studies and Research Center: King Abdullah Petroleum Studies and Research Center

Workshop Briefs from King Abdullah Petroleum Studies and Research Center

Abstract: Electricity markets around the world are facing significant challenges from the demand and supply side of the industry. From the supply side, distributed energy resources, usually owned by third parties, are forcing utilities to re-evaluate their business models; while developments in information and communication technologies, such as smart metering and blockchains, are enabling new opportunities for both existing and new players on the demand side. This confluence of factors is driving a transition from the notion of electricity as a traded commodity to an ingredient of an ecosystem that offers a wide range of flexible services – related to electricity consumption or production – that consumers want and are willing to pay.

Keywords: Blockchain; Decentralized Systems; Distributed energy resources; Electricity Markets; Future of Electricity Markets; Open Source Software; Open Techonology; Workshop Brief (search for similar items in EconPapers)
Pages: 16 pages
Date: 2017-09
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Persistent link: https://EconPapers.repec.org/RePEc:prc:wbrief:ks--2017-wb09

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