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Future of Utilities - Utilities of the Future by Fereidoon P. Sioshansi

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Chapter 19

Business Models for Power System Flexibility: New Actors, New Roles, New Rules

Luis Boscán*
Rahmatallah Poudineh*    Department of Economics, Copenhagen Business School, Frederiksberg, Denmark    Oxford Institute for Energy Studies, Oxford, United Kingdom

Abstract

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. Ranging from technological to market-based innovation, this chapter reviews the latest developments in these ...

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