Business models for power system flexibility: new actors, new roles, new rules
As intermittent renewable resources gain more share in the generation mix, the need for power system flexibility increases more than ever. Parallel to this, technological change and the emergence of new players bringing about innovative solutions are boosting the development of flexibility-enabling business models, adding new activities to the existing supply chain. This chapter reviews the latest developments in these emerging models, ranging from technological to market-based innovation. The main conclusion is that when flexibility becomes scarce in the system, new players with their innovative business models will play an important role in ensuring sufficiency and efficiency of flexibility services.
Boscán, L. and Poudineh, R. (2016). ‘Business models for power system flexibility: new actors, new roles, new rules’, in Sioshansi, F. (ed.), Future of Utilities: Utilities of the Future, Elsevier.