IDEAS home Printed from https://ideas.repec.org/a/sae/engenv/v32y2021i1p113-133.html
   My bibliography  Save this article

Analysis on new types of electric power businesses using a morphological box

Author

Listed:
  • Chankook Park
  • Daeyoun Lee

Abstract

This study analyzed new electricity business cases with an aim to categorize them systematically based on theoretical grounds. The previous research studies on new businesses in the electric power sector lack the perspicuous theoretical basis for the criteria for classification and fail to examine a wide range of cases or the further possibility of new businesses development. Complementing the shortcomings, we adopted the morphological box for categorization to compare several business cases and draw the main types of businesses. It has revealed that utilities as well as residential, commercial, industrial customers also act as the main customers for the distributed resources while cooperation among different industries is growing rapidly, and local governments are actively involved in the business as the main providers. Also, cases related to consumer service innovation including consumer choice expansion and customized services are often seen. Furthermore, free services have emerged in the sector. This study has significance in that it successfully reassessed the theoretical arguments on business models and rearranged the parameters of the morphological box suitable for analyzing more than 100 business cases.

Suggested Citation

  • Chankook Park & Daeyoun Lee, 2021. "Analysis on new types of electric power businesses using a morphological box," Energy & Environment, , vol. 32(1), pages 113-133, February.
    • Handle: RePEc:sae:engenv:v:32:y:2021:i:1:p:113-133
    DOI: 10.1177/0958305X20919413
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0958305X20919413
    Download Restriction: no
    File URL: https://libkey.io/10.1177/0958305X20919413?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Lay, Gunter & Schroeter, Marcus & Biege, Sabine, 2009. "Service-based business concepts: A typology for business-to-business markets," European Management Journal, Elsevier, vol. 27(6), pages 442-455, December.
    2. Raphael Amit & Christoph Zott, 2001. "Value creation in E‐business," Strategic Management Journal, Wiley Blackwell, vol. 22(6‐7), pages 493-520, June.
    3. Frei, Fanny & Sinsel, Simon R. & Hanafy, Ahmed & Hoppmann, Joern, 2018. "Leaders or laggards? The evolution of electric utilities’ business portfolios during the energy transition," Energy Policy, Elsevier, vol. 120(C), pages 655-665.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Choi Jong Woo & Park Chankook, 2024. "Panel Technical Efficiency of Korean Companies in the Energy Sector based on Digital Capabilities," Economics - The Open-Access, Open-Assessment Journal, De Gruyter, vol. 18(1), pages 1-17.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mingfeng Tang & Grace Sheila Walsh & Cuiwen Li & Angathevar Baskaran, 2021. "Exploring technology business incubators and their business incubation models: case studies from China," The Journal of Technology Transfer, Springer, vol. 46(1), pages 90-116, February.
    2. Shaheer, Noman Ahmed & Li, Sali, 2020. "The CAGE around cyberspace? How digital innovations internationalize in a virtual world," Journal of Business Venturing, Elsevier, vol. 35(1).
    3. Jonathan H. Reed, 2022. "Operational and strategic change during temporary turbulence: evidence from the COVID-19 pandemic," Operations Management Research, Springer, vol. 15(1), pages 589-608, June.
    4. Dachs, Bernhard & Biege, Sabine & Borowiecki, Marcin & Lay, Gunther & Jäger, Angela & Schartinger, Doris, 2012. "The Servitization of European Manufacturing Industries," MPRA Paper 38873, University Library of Munich, Germany.
    5. Kley, Fabian & Lerch, Christian & Dallinger, David, 2011. "New business models for electric cars--A holistic approach," Energy Policy, Elsevier, vol. 39(6), pages 3392-3403, June.
    6. KhalifAbdi Maalim & Peterson Obara Magutu & James Mauti Mose, 2019. "E-Procurement Strategies And Supply Chain Performance Of Private Hospitals In Nairobi, Kenya," Noble International Journal of Social Sciences Research, Noble Academic Publsiher, vol. 4(11), pages 145-156, November.
    7. Mara Del Baldo & Maria-Gabriella Baldarelli, 2017. "Renewing and improving the business model toward sustainability in theory and practice," International Journal of Corporate Social Responsibility, Springer, vol. 2(1), pages 1-13, December.
    8. Best, Bernadette & Miller, Kristel & McAdam, Rodney & Maalaoui, Adnane, 2022. "Business model innovation within SPOs: Exploring the antecedents and mechanisms facilitating multi-level value co-creation within a value-network," Journal of Business Research, Elsevier, vol. 141(C), pages 475-494.
    9. Baoliang Hu & Wei Huang & Shuai Yan & Guang Liu & Tao Zhang, 2020. "Business Model Design and Customer Loyalty: The Mediating Role of Customer Citizenship Behavior," Sustainability, MDPI, vol. 12(17), pages 1-14, August.
    10. Cinzia Battistella & Gianluca Murgia & Fabio Nonino, 2021. "Free-driven web-based business models," Electronic Commerce Research, Springer, vol. 21(2), pages 445-486, June.
    11. Meena Madhavan & Mohammed Ali Sharafuddin & Thanapong Chaichana, 2022. "Impact of Business Model Innovation on Sustainable Performance of Processed Marine Food Product SMEs in Thailand—A PLS-SEM Approach," Sustainability, MDPI, vol. 14(15), pages 1-33, August.
    12. Sebastian Schroedel, 2023. "The Sustainable Business Model Database: 92 Patterns That Enable Sustainability in Business Model Innovation," Sustainability, MDPI, vol. 15(10), pages 1-27, May.
    13. Sheth, Ananya & Sinfield, Joseph V., 2022. "An analytical framework to compare innovation strategies and identify simple rules," Technovation, Elsevier, vol. 115(C).
    14. Coskun-Setirek, Abide & Tanrikulu, Zuhal, 2021. "Digital innovations-driven business model regeneration: A process model," Technology in Society, Elsevier, vol. 64(C).
    15. Valdes, Javier & Poque González, Axel Bastián & Masip Macia, Yunesky & Dorner, Wolfgang & Ramirez Camargo, Luis, 2020. "Unveiling the potential for combined heat and power in Chilean industry - A policy perspective," Energy Policy, Elsevier, vol. 140(C).
    16. Jianyu Zhao & Yining Huang & Xi Xi & Shanshan Wang, 2021. "How knowledge heterogeneity influences business model design: mediating effects of strategic learning and bricolage," International Entrepreneurship and Management Journal, Springer, vol. 17(2), pages 889-919, June.
    17. Eleonora Annunziata & Francesco Rizzi & Tiberio Daddi & Marco Frey, 2019. "Business models for interfirm energy cooperation in industrial parks: A possible taxonomy," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 0(2), pages 133-148.
    18. Billerbeck, Anna & Breitschopf, Barbara & Winkler, Jenny & Bürger, Veit & Köhler, Benjamin & Bacquet, Alexandre & Popovski, Eftim & Fallahnejad, Mostafa & Kranzl, Lukas & Ragwitz, Mario, 2023. "Policy frameworks for district heating: A comprehensive overview and analysis of regulations and support measures across Europe," Energy Policy, Elsevier, vol. 173(C).
    19. Kattirtzi, Michael & Ketsopoulou, Ioanna & Watson, Jim, 2021. "Incumbents in transition? The role of the ‘Big Six’ energy companies in the UK," Energy Policy, Elsevier, vol. 148(PA).
    20. Palo, Teea & Åkesson, Maria & Löfberg, Nina, 2019. "Servitization as business model contestation: A practice approach," Journal of Business Research, Elsevier, vol. 104(C), pages 486-496.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:engenv:v:32:y:2021:i:1:p:113-133. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.