Emerging business models in local energy markets: A systematic review of peer-to-peer, community self-consumption, and transactive energy models

Journal article


Schwidtal, J.M, Proadpran, P, Troncia, M, Chitchyan, R, Montakhabi, M.,, Francis, C., Gorbatcheva, A, Capper, T., Mustafa, M,A, Andoni, M., Robu, V, Bahloul, M, Scott, I, Mbavarira, T., Espana J.M. and Kiesling, L. (2023). Emerging business models in local energy markets: A systematic review of peer-to-peer, community self-consumption, and transactive energy models. Renewable and Sustainable Energy Reviews. 179 (113273). https://doi.org/10.1016/j.rser.2023.113273
AuthorsSchwidtal, J.M, Proadpran, P, Troncia, M, Chitchyan, R, Montakhabi, M.,, Francis, C., Gorbatcheva, A, Capper, T., Mustafa, M,A, Andoni, M., Robu, V, Bahloul, M, Scott, I, Mbavarira, T., Espana J.M. and Kiesling, L.
Abstract

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.

KeywordsPeer-to-peerSelf-consumptionTransactive energyLocal energy marketBusiness model canvasElectricity tradingFlexibility provisionProsumerConsumerAggregatorSmart local energy
Year2023
JournalRenewable and Sustainable Energy Reviews
Journal citation179 (113273)
PublisherElsevier
ISSN1879-0690
Digital Object Identifier (DOI)https://doi.org/10.1016/j.rser.2023.113273
Web address (URL)https://www.sciencedirect.com/science/article/pii/S1364032123001296
Publication dates
Print03 Apr 2023
Publication process dates
Accepted20 Mar 2023
Deposited28 Jun 2023
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Open
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