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Exploring business model innovation for Dutch energy suppliers : an overview of drivers, barriers and conditions.

Meijer, M.E.W. (2021) Exploring business model innovation for Dutch energy suppliers : an overview of drivers, barriers and conditions.

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Abstract:The energy sector has long stood out for its stability regarding players and business models. However, the environment of actors in the energy sector is currently subject to change. Consequently, incumbent Dutch energy suppliers need to innovate their business model. This study investigates the developments in the environment of Dutch energy suppliers and describes what business model innovations Dutch energy suppliers could use to respond to their changing environment. The business model innovation framework of Wirtz and Daiser (2017) is used to structure this thesis. To enhance the understanding of this framework, we have elaborated on this model by providing the perspectives of this framework with a definition. Our research revealed three key trends in the environment of Dutch energy suppliers: decarbonisation, decentralisation and digitalisation. We find that these trends drive energy suppliers to innovate their business models. Based on these findings, we provide three considerations for future energy supplier business models: (1) gaining a position in the market for renewable energy, (2) responding to the increased need for flexibility of the grid due to the unpredictability of renewable energy sources and (3) selling energy services to facilitate the energy transition and profit from the advances in technology.
Item Type:Essay (Master)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:Business Administration MSc (60644)
Link to this item:http://purl.utwente.nl/essays/85513
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