Demand response business model canvas: A tool for flexibility creation in the electricity markets

Wind and solar power generation have been rapidly increasing on a global scale; this increase is limited by the capacities of existing grids at maintaining balance between supply demand to accommodate fluctuations these renewable energy resources. Therefore, grid flexibility has become key factor in systems. This study focuses response business models (DRBMs), which great potential for fostering cost-efficient sustainable manner. Based literature review empirical data from case study, model analytical framework proposed explore based value proposition, creation delivery, capture. DRBM characterised nine elements: product, market segment, service attributes, resources, resource availability, mechanism, communication channels, cost structures, revenue model. framework, visualisation tool help researchers practitioners understand, integrate, develop flexible electricity products. The application then presented electric vehicles as an example. valuable evaluating initial untapped potentials commercial markets. thus contributes body via development holistic approach assist recognition emerging