Role of public regulators in demand response business ecosystem - Case New York State electric power market

V. Koivisto, P. Järventausta, S.J. Mäkinen

    Research output: Chapter in Book/Report/Conference proceedingConference contributionScientificpeer-review

    1 Citation (Scopus)

    Abstract

    This paper draws on business ecosystem research and concepts to study the structure and interdependencies of demand response business network in New York State power market, with a particular focus in investigating the role of public regulators in the business ecosystem. The analysis suggests that while demand response aggregators operatively lead the ecosystem, the regulators hold a central role in both the birth and sustainability of the ecosystem through their authority in setting market rules and performance requirements as well as in their control of the demand response program funding mechanisms. Moreover, an analysis of the distribution of economic value generated by the ecosystem indicates that only a minimal portion of the value surplus accumulates to the ecosystem's operative customers (NYISO and utilities), which suggests that they may have only limited incentives to support the growth and sustainability of the business ecosystem.
    Original languageEnglish
    Title of host publicationEEM15, 12th International Conference on the European Energy Market
    Subtitle of host publicationLisbon, 19-22 May 2015, Portugal
    DOIs
    Publication statusPublished - 1 May 2015
    Publication typeA4 Article in conference proceedings
    EventInternational Conference on the European Energy Market -
    Duration: 1 Jan 1900 → …

    Conference

    ConferenceInternational Conference on the European Energy Market
    Period1/01/00 → …

    Keywords

    • commerce
    • demand side management
    • ecology
    • power markets
    • New York State electric power market
    • demand response business ecosystem sustainability
    • demand response business network
    • demand response program funding mechanism
    • economic distribution
    • public regulator
    • value surplus accumulation
    • Business
    • Ecosystems
    • Load management
    • Power systems
    • Regulators
    • Reliability
    • Technological innovation
    • Business Ecosystem
    • Demand Response
    • Interdependency
    • Power Market
    • Regulator

    Publication forum classification

    • Publication forum level 1

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