A framework to evaluate how European Transmission System Operators approach innovation
File(s)
Accepted version
Author(s)
Biancardi, Andrea
Di Castelnuovo, Matteo
Staffell, Iain
Type
Journal Article
Abstract
This article looks at the innovation of European electricity Transmission System Operators (TSOs), which play a key role in meeting growing demand for greener and affordable power and for the development of a smarter and reliable electricity system. Due to the radical transformations occurring in the sector TSOs must increasingly invest in research and innovation and evolve by embracing new technologies, new activities and new business models. This study analyse TSO innovation approach by focusing on projects and initiatives related to some key technologies that are gaining attraction across Europe. The study also investigates whether TSOs operating under more favourable regulatory frameworks for innovation are more innovative than others. The results indicate that TSOs tend to have a conservative approach to innovation, developing projects which have the lowest impact on their current business model, while TSOs operating within more favourable regulatory frameworks are indeed more active than others. These results are aligned with previous studies on electricity network companies according to which they tend to avoid investments in innovative activities, unless they are adequately encouraged or incentivized thus bringing the attention on the urgent need for Regulators and policymakers to review and correct their regulation and incentives for innovation.
Date Issued
2021-11-01
Date Acceptance
2021-08-26
Citation
Energy Policy, 2021, 158
ISSN
0301-4215
Publisher
Elsevier
Journal / Book Title
Energy Policy
Volume
158
Copyright Statement
Copyright © Elsevier Ltd. All rights reserved. This manuscript version is made available under the CC-BY-NC-ND 4.0 license https://creativecommons.org/licenses/by-nc-nd/4.0/
Identifier
http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000696801600008&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=1ba7043ffcc86c417c072aa74d649202
Subjects
BRITAIN
Business & Economics
BUSINESS MODEL
Business model innovation
Economics
Electricity industry
Electricity transmission system operators
Energy & Fuels
Environmental Sciences
Environmental Sciences & Ecology
Environmental Studies
IMPACTS
Innovation
LESSONS
Life Sciences & Biomedicine
Regulatory frameworks
Science & Technology
Social Sciences
Table of contents
Technology
TECHNOLOGY
WIND
Publication Status
Published
Article Number
ARTN 112555