Business Models for Decentralized Energy

62 Pages Posted: 5 Mar 2019

See all articles by Rafael Leal-Arcas

Rafael Leal-Arcas

Queen Mary University of London - School of Law

George Thanos

Athens University of Economics and Business

Michalis Kanakakis

Athens University of Economics and Business

Gemma Fearnley

Queen Mary University of London - School of Law; University of Glasgow

Juan Alemany Rios

Queen Mary, University of London

Date Written: March 4, 2019

Abstract

Achieving greater renewable energy usage, energy efficiency, and energy security are practically universal goals today. Key emerging trends to this effect include the promotion of electric vehicles, deployment of smart grids and smart meters, as well as technology and regulation to encourage storage and demand response mechanisms. Overall, there is a move towards greater flexibility with consumers having more control over their electricity usage and costs. This Article introduces business models to illustrate the roles of multiple actors in a decentralized smart grid system. It identifies interactions between the various players, the tools they will manage, the added value in using the functionalities of such a system, and ways to maximise profits for those involved. The Article also examines the United Kingdom (UK) as a case study. It explores where the UK stands in terms of introducing tools and technologies for decentralization, including electric vehicles, smart grids, and demand response mechanisms. It also examines regulation in the UK to assess how conducive it is for decentralized energy. In addition, the Article identifies specific concerns related to data protection stemming from smart metering and analyses relevant regulation in this regard.

Suggested Citation

Leal-Arcas, Rafael and Thanos, George and Kanakakis, Michalis and Fearnley, Gemma and Alemany Rios, Juan, Business Models for Decentralized Energy (March 4, 2019). Queen Mary School of Law Legal Studies Research Paper No. 311/2019. Available at SSRN: https://ssrn.com/abstract=3346500

Rafael Leal-Arcas (Contact Author)

Queen Mary University of London - School of Law ( email )

67-69
Lincoln's Inn Fields
Holborn, London WC2A 3JB
United Kingdom

HOME PAGE: http://www.ccls.qmul.ac.uk/staff/lealarcas.html

George Thanos

Athens University of Economics and Business ( email )

76 Patission Street
Athens, 104 34
Greece

Michalis Kanakakis

Athens University of Economics and Business ( email )

76 Patission Street
Athens, 104 34
Greece

Gemma Fearnley

Queen Mary University of London - School of Law ( email )

67-69
Lincoln's Inn Fields
Holborn, London WC2A 3JB
United Kingdom

University of Glasgow ( email )

Adam Smith Business School
Glasgow, Scotland G12 8LE
United Kingdom

Juan Alemany Rios

Queen Mary, University of London ( email )

Lincoln's Inn Fields
Mile End Rd.
London, E1 4NS
United Kingdom

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