Innovative Business Models in Energy Utility Sector

Innovative Business Models in Energy Utility Sector

Energy sector is undergoing major changes in the history of its existence. Decarbonisation, decentralisation, digitalization and democratization are the 4Ds often referred to as main elements of this transition. Energy is an integral and important part of any industry or business, hence this transition will influence all other sectors and industries. Utilities will play one of the most important roles in this change. In order to survive on the market, utilities need to transform and invent completely new business models. On the one hand, governments are endorsing new strategies in renewable energy sources worldwide and new and strict legal obligations for the public and private sectors. On the other hand, customers are becoming more aware, more active participants and more demanding in terms of complexity and variety of energy services they request. They want the most favourable service and supplier who look after them. Rapid and ongoing digitalization trend is largely enhancing this process. HEP group as the biggest and leading utility company in Croatia strives to go hand in hand with this trend by developing new services and innovative business models based on digital technologies that are the necessary part of energy management and further penetration of energy efficiency and renewable energy sources.http://www.novilist.hr/Vijesti/Hrvatska/Drzava-ne-potice-ekoloski-ogrjev-Hrvatska-izvozi-na-tone-peleta-a-skole-se-griju-na-loz-ulje