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Surviving the energy transition : development of a proposal for evaluating sustainable business models for incumbents in Germany's electricity market

  • In the light of Germany's chosen path towards the energy transition, the regulatory framework has changed considerably. New players have succeeded in entering the market, and renewable energies have become increasingly competitive. Greater electrification of the transport and heating sectors will be needed in the future to achieve national climate targets. Against this background, Germany's big energy companies need to be sure that their sales will increase. However, they were unable to anticipate this development, and made strategic mistakes in the past. The development of sustainable business models in line with the energy transition failed to materialize. Now it is becoming increasingly clear that companies must create new businessIn the light of Germany's chosen path towards the energy transition, the regulatory framework has changed considerably. New players have succeeded in entering the market, and renewable energies have become increasingly competitive. Greater electrification of the transport and heating sectors will be needed in the future to achieve national climate targets. Against this background, Germany's big energy companies need to be sure that their sales will increase. However, they were unable to anticipate this development, and made strategic mistakes in the past. The development of sustainable business models in line with the energy transition failed to materialize. Now it is becoming increasingly clear that companies must create new business models to survive in the long term. These business models have to keep with the tradition, whilst meeting the needs of low-carbon power supplies. In this paper, we will examine the past and future challenges of the four energy companies and develop a proposal for evaluating sustainable business models. For this purpose, we use the multi-level perspective to categorize developments in the electricity market over the last 50 years, and then apply a multi-criteria analysis to derive five suitable business models from the results.show moreshow less

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Metadaten
Document Type:Peer-Reviewed Article
Author:Oliver Wagner, Thomas Adisorn, Lena Tholen, Dagmar Kiyar
URN (citable link):https://nbn-resolving.org/urn:nbn:de:bsz:wup4-opus-74704
Year of Publication:2020
Language:English
Source Title (English):Energies
DOI:https://doi.org/10.3390/en13030730
Volume:13
Issue:3
Division:Energie-, Verkehrs- und Klimapolitik
Dewey Decimal Classification:330 Wirtschaft
OpenAIRE:OpenAIRE
Licence:License LogoCreative Commons - CC BY - Namensnennung 4.0 International