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Faculty of Economics

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Küfeoğlu, S., Liu, G., Anaya, K., Pollitt, M.

Digitalisation and New Business Models in Energy Sector

CWPE1956

Abstract: This paper reviews digitalisation in energy sector by looking at the business models of 40 interesting new start-up energy companies from around the world. These start-ups have been facilitated by the rise of distributed generation, much of it intermittent in nature. We review Artificial Intelligence (AI), Machine Learning, Deep Learning and Blockchain applications in energy sector. We discuss the rise of prosumers and small-scale renewable generation, highlighting the role of Feed-in-Tariffs (FITs), the Distribution System Platform concept and the potential for Peer-to-Peer (P2P) trading. Our aim is to help energy regulators calibrate their support new business models.

Keywords: Feed-in tariff, Distribution System Platform, Peer-to-Peer, Blockchain

JEL Codes: L94

Author links: Michael Pollitt  

PDF: http://www.econ.cam.ac.uk/research-files/repec/cam/pdf/cwpe1956.pdf

EPRG Paper Link: 1920

Open Access Link: https://doi.org/10.17863/CAM.41226