Leaders or laggards? The evolution of electric utilities’ business portfolios during the energy transition

Frei, Fanny; Sinsel, Simon Robert; Hanafy, Ahmed A.; Hoppmann, Joern

doi:10.1016/j.enpol.2018.04.043

Cited by 46 publications

(24 citation statements)

References 20 publications

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“…In line with previous studies [57][58][59], our study highlights the important role of policy and regulation for the investment attractiveness and diffusion of VREs and complementary technologies.…”

Section: Discussionsupporting

confidence: 90%

“…DeLlano-Paz et al[28] provide a comprehensive overview of studies that investigate the effects of diversification in the energy sector 3. Note that we do not consider traditional or fossil fuel based power production technologies given that many countries have started to phase out these technologies[64][65][66], and that they have become less profitable due to the prioritized feed-in of VREs in many countries[57,67].…”

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confidence: 99%

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Building resilient renewable power generation portfolios: The impact of diversification on investors’ risk and return

2019

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Over the coming years, variable renewables such as wind and photovoltaics will become increasingly exposed to market risks due to the gradual reduction in policy support. Building diversified portfolios of variable renewables and complementary technologies such as storage (i.e. technological diversification), and in different regions (i.e. geographical diversification) seem to be promising options to mitigate these risks. The extant literature, however, does not provide a comprehensive comparison of these two diversification strategies. Using actual production data from eight wind and photovoltaics plants across Germany from 2015 until 2017 and a storage unit for arbitrage operations, we build a quantitative model to evaluate the impact of these strategies on investors' risk and return. In our analysis, we compare the results of two scenarios: the first with actual prices and the second which assumes prices reflecting higher shares of variable renewables in the power system. In doing so, our study provides the following important insights for investors: (1) technological diversification largely yields lower risk levels than geographical diversification, (2) maximizing the capacity factor of wind and photovoltaics is an effective way to mitigate risk, and (3) while technological diversification with another variable renewable technology is more effective under current conditions, storage gains importance for mitigating risk in times of high shares of variable renewables.

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Section: Discussionsupporting

confidence: 90%

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confidence: 99%

Building resilient renewable power generation portfolios: The impact of diversification on investors’ risk and return

2019

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“…Most part of countries opened their market during the 80's and 90's, thus, international companies become common producers, distributors and transmitter in other countries. Frei et al (2018) pointed out some of the biggest players in the electric sector. EDP, for instance, is an important player in Brazil, it is the same for Engie (the largest private company generator in Brazil) and Enel.…”

Section: Supply Chain Definitionmentioning

confidence: 99%

The Electric Supply Chain 4.0

Salvi

2020

ABR

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Supply Chain Management is not a Discipline, but it is becoming one. Supply Chain as Network is a modern definition of a field with more than 37 years of reliable scientific publications. And it has great complexity even greater when world is experiencing the Forth Industrial Revolution. Electricity Supply Chains were delimitated as those compounded by first tier of oil, gas or coal (energy production majority), the generators, the transmitters, the distributor retailer until end-consumer. It has a great complex network constituted by external organisms responsible for coordinating and giving the strategy to the whole system. Lean and Agile is something less usual in Electricity Supply Chain. This researcher was unable of finding scientific articles reporting directly about that combination. However, Electricity Supply Chain is considered a functional product with long life cycle. The coal, the gas and the oil are also functional products and they are controlled with efficient perspective. It is concluded that Electricity supply chain is more designed for a lean environment to an agile positioning. The industry 4.0 is transformed the whole Electricity Supply Chain, especially the electric utility. It is using Big Data for generating extra businesses, and for improving operational conditions. The smart meter and the smart grid, using sensors and the Big Data, coordinate a more precise cycle of production and consumption, transforming Electricity Supply Chain into a responsiveness one with real date and virtual networks.

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“…Mitigating climate change requires a fundamental and rapid transition in the way electricity is generated. While the global electricity sector with its conventional and climate-damaging power generation is dominated by large incumbent utility companies, local players, such as municipal utilities (e.g., German Stadtwerke), community and cooperative renewable energy (co)producers, are becoming increasingly important [1,2]. As the incumbents have historically been slow to embrace change [3], initiatives are increasingly taking place at the local level with the intention of accelerating the needed energy transition to mitigate climate change [4].…”

Section: Introductionmentioning

confidence: 99%

Success Factors for the Foundation of Municipal Utilities in Germany

Wagner

Berlo

Herr³

et al. 2021

Energies

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More than 150 municipal utilities (so-called Stadtwerke) were established in Germany from the beginning of the millennium, bringing the total number of Stadtwerke currently established within the country to approximately 900. With responsibility for more than half of the supply of electricity, gas and heat in Germany, these Stadtwerke play a central role in the transformation of the energy sector, or Energiewende. In addition, due to their local and regional ties, Stadtwerke have a particular role to play in energy politics, the economy and across society. This article focuses on the motives behind, and grounds for, the current wave of newly established Stadtwerke. Further, it discusses the factors that were critical to the successful formation of new Stadtwerke in recent years. The results of our survey indicate that the establishment of municipal Stadtwerke is a suitable measure to implement the energy transition at the local level, whereby the concept of public value has a high level of importance for the local decision-makers. Collaboration and cooperation, as well as a resilience-oriented strategy, are important success factors for new Stadtwerke.

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Leaders or laggards? The evolution of electric utilities’ business portfolios during the energy transition

Cited by 46 publications

References 20 publications

Building resilient renewable power generation portfolios: The impact of diversification on investors’ risk and return

Building resilient renewable power generation portfolios: The impact of diversification on investors’ risk and return

The Electric Supply Chain 4.0

Success Factors for the Foundation of Municipal Utilities in Germany

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