Transformation of the Electric Utility Business Model

John Manshreck

Published by De Gruyter 2022

Transformation of the Electric Utility Business Model

From Edison to Musk

John Manshreck

Volume 1 in the series The Global Energy Markets Series

https://doi.org/10.1515/9783110714036

Overview
Contents

About this book

This book examines business model transformation through the study of electrical utilities, an industry at the center of today’s efforts to combat climate change. When change comes to the business model of such a mature industry, the pattern is often recognizable. The foundational elements of the industry shift, allowing the innovation of business models by new competitors, while established firms face the threat of disruption. The utility sector, after decades of relative stability, is in the midst of such a transformation today.

After providing a historical summary of the dominant business models of the utility sector, Transformation of the Electric Utility Business Model looks at the factors currently impacting the industry. Utilities and policy makers today are facing two long-term issues that will dominate their agendas in the coming decades: rebuilding utility infrastructure to enable the decarbonization of the economy, and managing the risk of catastrophic events that can leave large areas without power for extended periods. Fortunately, with proper planning, many utility investments in decarbonization will also support risk management. However, these investments are often not compatible with current utility business models, requiring creativity and new regulatory frameworks to successfully implement. This book considers the impact of these factors, and then discusses the future.

This well-researched, extremely insightful book is essential reading for all those with an interest in business strategy, energy studies and sustainability.

Author information

John Manshreck - a CPA and management consultant with over two decades of consulting experience to public utilities, particularly in areas of smart grid deployment and large capital projects. John holds a Bachelor of Commerce (Honours) from the University of Manitoba (Canada), an MBA from London Business School (United Kingdom), and a Doctorate of Business Administration from the Grenoble Ecole de Management (France).

Topics

Frontmatter Publicly Available Download PDF	I
Acknowledgments Publicly Available Download PDF	V
Foreword Publicly Available Download PDF	VII
Contents Publicly Available Download PDF	IX
Introduction Publicly Available Download PDF	XV
Part 1: Utilities at Risk
Introduction Requires Authentication Unlicensed Licensed Download PDF	3
1 Twin Challenges: Risk Management and Decarbonization Requires Authentication Unlicensed Licensed Download PDF	5
2 The Business Model Requires Authentication Unlicensed Licensed Download PDF	18
Part 2: Utility Business Model Transformation – A History
Introduction Requires Authentication Unlicensed Licensed Download PDF	31
3 Before the Electric Grid Requires Authentication Unlicensed Licensed Download PDF	33
4 The First Utility Model – The Central Station Grid Requires Authentication Unlicensed Licensed Download PDF	46
5 The Second Utility Model – Centralized with Competition Requires Authentication Unlicensed Licensed Download PDF	59
6 The Third Utility Model – Regulated Monopoly Requires Authentication Unlicensed Licensed Download PDF	80
Part 3: Emergence of a New Business Model
Introduction Requires Authentication Unlicensed Licensed Download PDF	115
7 A Business Model Under Strain: Market Disruptions Requires Authentication Unlicensed Licensed Download PDF	117
8 The New Business Model: Decarbonizing the Value Chain Requires Authentication Unlicensed Licensed Download PDF	130
9 The New Business Model: Redefining the Customer Requires Authentication Unlicensed Licensed Download PDF	146
10 The New Business Model: Struggling with Value Capture Requires Authentication Unlicensed Licensed Download PDF	153
11 The New Business Model: Redefining the Value Offering Requires Authentication Unlicensed Licensed Download PDF	165
12 The New Business Model – Centralized and Decentralized Coexistence Requires Authentication Unlicensed Licensed Download PDF	173
List of Abbreviations Requires Authentication Unlicensed Licensed Download PDF	193
Glossary Requires Authentication Unlicensed Licensed Download PDF	195
References Requires Authentication Unlicensed Licensed Download PDF	199
List of Figures Requires Authentication Unlicensed Licensed Download PDF	223
List of Tables Requires Authentication Unlicensed Licensed Download PDF	225
About the Author Requires Authentication Unlicensed Licensed Download PDF	227
Index Requires Authentication Unlicensed Licensed Download PDF	229

(Deutsch)

Language: English
Publisher: De Gruyter
Audience: Scholars with an interest in business strategy, business model transformation and electrical utilities.
Pages
- Front matter: 14
- Main content: 238
Illustrations
- Illustrations: 30
- Tables: 15
Keywords: Business Model; Business Model Transformation; Climate Change; Power Company; Electric Utilities

eBook

Published: November 22, 2021
ISBN: 9783110714036

Hardcover

Published: December 6, 2021
ISBN: 9783110713947