Smart Market
The smart market is understood to be the area outside the smart grid in which quantities of energy or services derived from it are traded among various market partners based on the available network capacity. In addition to producers and consumers as well as prosumers, many different service providers can be active in these markets, e.g. B. energy efficiency service providers or aggregators.
Differentiation between smart grid and smart market
The term smart grid generally subsumes transmission and distribution networks that are intelligently (smart) managed by means of the extensive use of modern information and communication technology (ICT). While smart grids are known to address the regulated grid hemisphere, the smart market encompasses all issues relating to the non-regulated market hemisphere within the energy supply system. As a result, all questions relating to network-side transport capacities are assigned to the smart grid and all energy quantity issues to the smart market. While transport capacities are therefore part of the network's area of responsibility, the market is only entrusted with questions relating to the amount of electricity.
The following table can be used to better distinguish the terms smart grid and smart market:
| Terminology | Smart grid | Smart Market |
|---|---|---|
| Spheres | Network sphere [energy or electricity networks] | Market sphere [energy markets] |
| Basic criterion | Capacity [power (kW)] | Amount [work (kWh)] |
| task | Network capacity provision | Energy exchange |
| function | Energy transport | Energy trading |
| Control mechanism | regulation | market |
| main goal | Increase in network capacity | Consumption optimization |
| actors | Network operator | Market players |
| Primary task of the actors | Load management | Consumption control |
| Instruments | Network control, management of network capacities | Price-induced generation and load shifting |
| Energy storage | Network storage | Market store |
| role | Network as enabler (facilitator) | Market as innovator |
Table 1 : Differentiation between smart grid and smart market
Systematics of the Smart Market
The Smart Market concept can be broken down into four interconnected individual elements:
- Actors,
- Components,
- Applications and instruments as well
- Business models.
Actors, components as well as applications and instruments represent the unspecific, generic elements of the smart market concept; whereas business models represent concrete use cases in the sense of marketable combinations of the aforementioned three elements
actors
In the case of added value in the energy industry, actors are understood to mean different roles and functions, in the sense of organizations, institutions or natural persons, who actively appear and offer their products or services of all kinds.
Components
The components of the smart market represent the fundamental building blocks of the smart market, on the basis of which applications and instruments as well as market-related business models of the intelligent energy volume market are created through the design and procedural composition.
Application and tools
The applications and instruments represent the finished, but still unspecific products of the smart market in the market context. The applications and instruments are essentially the functional combinations of actors and the components they use to provide services.
Business models
Business models serve the marketable and concrete implementation of the applications and instruments. The integration of all the individual aspects relevant to competitive success is carried out in such a way that the business models developed in this way enable successful solutions for the management of energy quantities.
Business models of the smart market
The business models of the smart market are essentially business plans adapted to the situation for the practical implementation of the intelligent energy market concept. To this end, a business model in the smart market represents an applied business concept that describes in a simplified manner all relevant, value-adding processes, functions and interactions for the purpose of creating benefits for the customer and generating entrepreneurial revenue.
A business model describes the procedure for establishing new products and services in the smart market, taking into account a defined corporate strategy and corporate goals.
The primary objective of these business models is the sustainable security of the future electricity supply. The main challenge of the smart market here is the development of viable business models, all of which serve the central objective of the energy volume market, namely the market-based balancing of electricity supply and demand as well as increasing energy efficiency. In German-speaking business administration, there are a number of business model approaches that are used in the course of establishing intelligent energy market solutions. As examples, the Business Model Canvas by Osterwalder and Pigneur, the Business Model by Wirtz and the integrated business model iOcTen based on the application-oriented theory of the St. Gallen management concept can be recommended for the practice of business model development.
Benefits of the smart market
The most important advantages and services of the Smart Market include:
- Support in complying with the statutory energy policy postulate of ensuring a shift in consumption, security of supply and energy efficiency.
- Avoiding the mixing of network and market issues within the energy industry through a clear separation between market and network.
- Strengthening competition by expanding the share of market-oriented mechanisms at the expense of the regulated area as a result of the lifting of regulatory elements.
- The Smart Market concept enables the development of regional marketplaces where the locally generated electricity is ultimately also consumed directly on site.
- With its energy-quantity-based solutions, the Smart Market provides the right instruments for integrating renewable energies into the energy supply system.
- Thanks to the provision and interaction of different market-related products and services, the smart market creates consumption and supply transparency.
actors
A large number of organizations, institutions or people from industry, politics, science and business can be assigned to the actors of the smart market.
See also
Web links
- Key point paper on the topic of Smart Grid (PDF) Federal Network Agency
- Smart Market. Xing specialist group
Individual evidence
- ↑ Federal Network Agency: "Smart Grid" and "Smart Market". Key issues paper of the Federal Network Agency on aspects of the changing energy supply system, Bonn, December 2011.
- ↑ a b c d e Aichele, C., Doleski, OD (Ed.): Smart Market - from the Smart Grid to the Intelligent Energy Market. ISBN 978-3-658-02778-0 , Springer Vieweg, 2014.
- ↑ Doleski, OD (2014). Integrated business model - application of the St. Gallen management concept in the context of the business model. Essentials, Wiesbaden: Springer Gabler.
- ↑ Osterwalder, A., Pigneur, Y. (2011). Business model generation. Frankfurt am Main: Campus.
- ↑ Wirtz, BW (2011). Business model management. Design - instruments - success factors of business models. 2nd edition Wiesbaden: Gabler.