TY - GEN
T1 - Maximising value for local flexibility management in low voltage distribution networks
AU - Lynch, Patrick
AU - Power, Jamie
AU - Hickey, Richard
AU - Kelly, Derek
AU - Messervey, Thomas
AU - Espeche, Juan Manuel
AU - Oualmakran, Youssef
N1 - Publisher Copyright:
© 2016 IEEE.
PY - 2016/9/30
Y1 - 2016/9/30
N2 - The integration of information and communication technologies into the energy infrastructures will profoundly change the business model structures of the electricity value chain. As business value will be increasingly attached to the bidirectional flows of electricity, data and revenue where flows are driven by a coupling of stakeholder optimization objectives and free market principles, new business platforms will emerge to harness future potential of the energy value chain. Utilizing the business modelling methodology of value network analysis, value flows are mapped within the context of a multi-sided business platform to understand the value created in a network of interdependent relationship, its networked position and the stakeholder interactions required for value delivery. Focusing on the low voltage area of the smart grid, this paper identifies the business platform, its actors, value proposition, and collaboration opportunities involving local energy communities where a local flexibility aggregator facilitates flexibility management between retailers, DSOs, consumers and prosumers.
AB - The integration of information and communication technologies into the energy infrastructures will profoundly change the business model structures of the electricity value chain. As business value will be increasingly attached to the bidirectional flows of electricity, data and revenue where flows are driven by a coupling of stakeholder optimization objectives and free market principles, new business platforms will emerge to harness future potential of the energy value chain. Utilizing the business modelling methodology of value network analysis, value flows are mapped within the context of a multi-sided business platform to understand the value created in a network of interdependent relationship, its networked position and the stakeholder interactions required for value delivery. Focusing on the low voltage area of the smart grid, this paper identifies the business platform, its actors, value proposition, and collaboration opportunities involving local energy communities where a local flexibility aggregator facilitates flexibility management between retailers, DSOs, consumers and prosumers.
KW - Flexibility management
KW - Local energy community
KW - Local flexibility aggregator
KW - Low voltage grid
KW - Multi-sided business models
KW - Prosumer
KW - Smartgrid
UR - http://www.scopus.com/inward/record.url?scp=84994071532&partnerID=8YFLogxK
U2 - 10.1109/ISC2.2016.7580830
DO - 10.1109/ISC2.2016.7580830
M3 - Conference contribution
AN - SCOPUS:84994071532
T3 - IEEE 2nd International Smart Cities Conference: Improving the Citizens Quality of Life, ISC2 2016 - Proceedings
BT - IEEE 2nd International Smart Cities Conference
PB - Institute of Electrical and Electronics Engineers Inc.
T2 - 2nd IEEE International Smart Cities Conference, ISC2 2016
Y2 - 12 September 2016 through 15 September 2016
ER -
