TY - JOUR
T1 - Emerging business models in local energy markets
T2 - A systematic review of peer-to-peer, community self-consumption, and transactive energy models
AU - Schwidtal, J.M.
AU - Piccini, P.
AU - Troncia, M.
AU - Chitchyan, R.
AU - Montakhabi, M.
AU - Francis, C.
AU - Gorbatcheva, A.
AU - Capper, T.
AU - Robu, V.
AU - Bahloul, Mohamed
AU - Scott, Ian J.
AU - Mbavarira, Tanaka Mandy
AU - España, Juan Manuel
AU - Kiesling, Lynne
PY - 2023/6
Y1 - 2023/6
N2 - The emergence of peer-to-peer, collective or community self-consumption, and transactive energy concepts gives rise to new configurations of business models for local energy trading among a variety of actors. Much attention has been paid in the academic literature to the transition of the underlying energy system with its macroeconomic market framework. However, fewer contributions focus on the microeconomic aspects of the broad set of involved actors. Even though specific case studies highlight single business models, a comprehensive analysis of emerging business models for the entire set of actors is missing. Following this research gap, this paper conducts a systematic literature review of 135 peer-reviewed journal articles to examine business models of actors operating in local energy markets. From 221 businesses in the reviewed literature, nine macro-actor categories are identified. For each type of market actor, a business model archetype is determined and characterised using the business model canvas. The key elements of each business model archetype are discussed, and areas are highlighted where further research is needed. Finally, this paper outlines the differences of business models for their presence in the three local energy market models. Focusing on the identified customers and partner relationships, this study highlights the key actors per market model and the character of the interactions between market participants.
AB - The emergence of peer-to-peer, collective or community self-consumption, and transactive energy concepts gives rise to new configurations of business models for local energy trading among a variety of actors. Much attention has been paid in the academic literature to the transition of the underlying energy system with its macroeconomic market framework. However, fewer contributions focus on the microeconomic aspects of the broad set of involved actors. Even though specific case studies highlight single business models, a comprehensive analysis of emerging business models for the entire set of actors is missing. Following this research gap, this paper conducts a systematic literature review of 135 peer-reviewed journal articles to examine business models of actors operating in local energy markets. From 221 businesses in the reviewed literature, nine macro-actor categories are identified. For each type of market actor, a business model archetype is determined and characterised using the business model canvas. The key elements of each business model archetype are discussed, and areas are highlighted where further research is needed. Finally, this paper outlines the differences of business models for their presence in the three local energy market models. Focusing on the identified customers and partner relationships, this study highlights the key actors per market model and the character of the interactions between market participants.
KW - Aggregator
KW - Business model canvas
KW - Consumer
KW - Electricity trading
KW - Flexibility provision
KW - Local energy market
KW - Peer-to-peer
KW - Prosumer
KW - Self-consumption
KW - Smart local energy
KW - Transactive energy
UR - http://www.scopus.com/inward/record.url?scp=85151901472&partnerID=8YFLogxK
U2 - 10.1016/j.rser.2023.113273
DO - 10.1016/j.rser.2023.113273
M3 - Article
SN - 1364-0321
VL - 179
JO - Renewable and Sustainable Energy Reviews
JF - Renewable and Sustainable Energy Reviews
M1 - 113273
ER -