Diversifying Electricity Customer Choice: REVing Up the New York Energy Vision for Polycentric Innovation

Joseph Nyangon () and John Byrne

MPRA Paper from University Library of Munich, Germany

Abstract: Electric utility business models are changing to integrate new technologies and distributed energy resources (DER). Diversifying energy mix and customer choices are both novel and useful in understanding key drivers of this transformation, including distribution system planning and customer-service options. Practical implementation of these solutions, how- ever, shows that without proper planning, energy diversiication could come at very high social and economic costs. For example, regulators have been slow in implementing policy, regulatory, and business model constructs that promote customer choice to animate high levels of grid reliability and resiliency. Equally important is how viable existing utility business models are to navigating transformation processes, including strategic resource management, revenue model, customer interface, and value propositions. This chapter discusses our use of the Hamel business model to ofer strategic analysis of Reforming the Energy Vision (REV), which is aimed at decarbonizing New York’s energy sector and increasing customer choice and control. Speciically, we build from existing literature to argue that implementing distribution management systems (DMS) in which customer choice and DERs are prominent requires a shared or ‘polycentric,’ networked business- model innovations that build on competitive and comparative advantages of existing institutions to meet the growing demand for electricity services and utility strategic goals.

Keywords: reforming the energy vision; distributed energy resources; business model; polycentric innovation; utility choice management; Hamel framework (search for similar items in EconPapers)
JEL-codes: K23 O31 O33 P48 R11 R28 (search for similar items in EconPapers)
Date: 2018-09-09
New Economics Papers: this item is included in nep-dcm and nep-ene
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Published in Energy Systems and Environment 1.1(2018): pp. 3-24

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/91486/1/MPRA_paper_91486.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:91486

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().