Skip to main content Accessibility help
×
Hostname: page-component-78c5997874-94fs2 Total loading time: 0 Render date: 2024-11-19T14:29:44.104Z Has data issue: false hasContentIssue false

14 - Energy-as-a-service

from Part IV - Energy futurism

Published online by Cambridge University Press:  05 June 2015

Jimmy Y. Jia
Affiliation:
Pinchot University, Seattle
Get access

Summary

Companies […] are at a crossroads—they need to reengineer business models that worked well for more than 50 years if they want both to survive and retain their position in the market.

White et al. (2013)

In 2013, nearly 100,000 Texans elected to join TXU Energy Right Time Pricing, agreeing to pay more during the week for “anytime” electricity usage in exchange for free power between 10 p.m. and 6 a.m., via TXU Energy Free Nights, or 12 a.m. Saturday to 11:59 p.m. Sunday, via TXU Energy Free Weekends, all year (Little, 2014). With 1.5 million customers and more than 40% of the market share for retail electricity sales in Texas, TXU's offering was significant, both in terms of size and as the first “free” electricity incentive plan in Texas. These plans steeply incentivize consumers to concentrate their energy during the non-peak hours in the program to reduce strain on the Texas grid, but there have been concerns over how the plans were marketed to consumers because of an 18-month contract agreement, steep cancellation fees, and general confusion about electricity purchases (Lieber, 2013).

The convergence of energy, information, and financial flows is creating new opportunities for economic growth and improvements to how we relate to the energy we consume. The programs in Texas are just the beginning of diverse energy services made possible by modern technologies. Beneath these new kinds of services offered to businesses and individual consumers, decision-making or support tools rely on software platforms “for myriad tasks that previously were performed in traditional, non-tech ways” (Evans et al., 2008). New business models seeking differentiation by selling energy in creatively priced offerings to incentivize non-peak consumption, pool-buying power of many consumers with complementary load profiles like Samuel Insull in 1914 (see page 168), or charging customers based on energy outcomes rather than the commodity will increasingly emerge.

Type
Chapter
Information
Driven by Demand
How Energy Gets its Power
, pp. 284 - 306
Publisher: Cambridge University Press
Print publication year: 2015

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×