Value Stream Mapping of Stakeholder Impacts from Rising Prosumers

Research output: Chapter in Book/Conference proceedingConference contributionpeer-review

Abstract

The emergence of distributed energy resources offers customers the option to become prosumers and partially self-supply and trade energy with the grid. However, even though this transition appears economically beneficial for customers, its impacts on other stakeholders have not been systematically assessed and quantified, e.g., network operators may lose revenue (compromising the network) or update their tariffs (increasing costs for average consumers). Accordingly, this paper proposes a Value Stream Mapping (VSM) methodology to assess the economic impacts of rising prosumers on key stakeholders (e.g. energy suppliers, distribution and transmission network operators) in the UK energy market. The study's findings demonstrate that, unless the market structure is updated, the emergence of prosumers will result in economic losses for most stakeholders.The emergence of distributed energy resources offers customers the option to become prosumers and partially self-supply and trade energy with the grid. However, even though this transition appears economically beneficial for customers, its impacts on other stakeholders have not been systematically assessed and quantified, e.g., network operators may lose revenue (compromising the network) or update their tariffs (increasing costs for average consumers). Accordingly, this paper proposes a Value Stream Mapping (VSM) methodology to assess the economic impacts of rising prosumers on key stakeholders (e.g. energy suppliers, distribution and transmission network operators) in the UK energy market. The study's findings demonstrate that, unless the market structure is updated, the emergence of prosumers will result in economic losses for most stakeholders.
Original languageEnglish
Title of host publicationProceedings of 2022 IEEE PES Innovative Smart Grid Technologies Conference Europe (ISGT-Europe)
Place of PublicationDanvers, MA
PublisherIEEE Computer Society
Pages1-5
Number of pages5
ISBN (Electronic)9781665480321
ISBN (Print)9781665480338
DOIs
Publication statusPublished - 28 Nov 2022
Event2022 IEEE PES Innovative Smart Grid Technologies Conference Europe, ISGT-Europe 2022 - Novi Sad, Serbia
Duration: 10 Oct 202212 Oct 2022

Conference

Conference2022 IEEE PES Innovative Smart Grid Technologies Conference Europe, ISGT-Europe 2022
Country/TerritorySerbia
CityNovi Sad
Period10/10/2212/10/22

Keywords

  • distributetd energy resources
  • prosumers
  • value stream mapping

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