Business Model Innovation for the Energy Market: Joint Value Creation for Electricity Retailers and their Residential Customers

Mahdi Karami () and Reinhard Madlener
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Mahdi Karami: E.ON Energy Research Center, Future Energy Consumer Needs and Behavior (FCN), https://www.fcn.eonerc.rwth-aachen.de

No 15/2018, FCN Working Papers from E.ON Energy Research Center, Future Energy Consumer Needs and Behavior (FCN)

Abstract: The objective of the present study is to explore and better understand how business model inno- vation and technology trends have in uenced electricity suppliers in the electricity retail market. We investigate how electricity suppliers can create and deliver values to private customers and capture the market for themselves through innovative technology and business models. To reach this goal, the collected data from eleven different European existing business models were analyzed and sorted in a systematic way with the "Business Model Canvas" approach (Osterwalder and Pigneur, 2010). To cluster the real world business models investigated, an identification of the applied patterns was carried out according to the "Business Model Navigator". We find that successful retailers are those companies which try to take a more consumer-centric perspective for creating extra value, while en- abling and fostering more sustainable and energy-efficient lifestyles based on the smart orchestration of increasingly distributed energy resources.

Keywords: Electricity suppliers; business model innovation; value creation; private customers; electricity self-sufficient (search for similar items in EconPapers)
JEL-codes: M10 M11 M13 (search for similar items in EconPapers)
Pages: 39 pages
Date: 2018-11-01
New Economics Papers: this item is included in nep-ene
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:fcnwpa:2018_015

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