Open lecture: Energy Economics and Energy Markets
About the session:
1st Invited Lecturer | Guillermo Ivan Pereira
Title: Sustainable energy innovation in power utilities
In this lecture we’ll focus on electric utilities adaptation to the energy transition from a business model perspective. A low-carbon future depends significantly on the decarbonization of the electricity industry. Over the past years, electric utilities have experienced pressure to redefine their business models amid the need to transition to a sustainable energy system.
A new study will be presented including theoretical background, research design and findings on how incumbent utilities have adapted their business models to include sustainable energy activities.
For this lecture the business model is framed as an activity system (Zott and Amit, 2010), which allows us to capture how utilities expand the boundaries of their business to integrate sustainable energy activities.
The findings are obtained from a novel dataset that includes 756 boundary-spanning transactions (mergers and acquisitions, joint ventures, and strategic alliances) of 20 European utilities over three decades (1990-2019).
Some of the conclusions include the preference for utilities to focus on activities that directly contribute to decarbonization, but which also reinforce their dominant business logic of electricity generation and supply.
Guillermo Ivan Pereira, Ph.D. is a Research Associate in Sustainable Energy Innovation at The University of Manchester. His work focuses on understanding firms’ responses and adaptation to the energy transition, considering technological, public policy, and business model transformation and how these impact energy infrastructure and firms.
Guillermo completed his Ph.D. in Sustainable Energy Systems at the University of Coimbra, Portugal, and the MIT Portugal Program.
2nd Invited Lecturer | Nuno Carvalho Figueiredo
Technical Support & Development Manager at TrustEnergy
Invited Professor Mechanical Engineering Department University of Aveiro, Portugal
INESC Coimbra Researcher - University of Coimbra
Title: An introduction to electricity markets
(with Patrícia Pereira da Silva)
• Electricity generation technologies
• Electricity market structure
• Electricity spot market
• Bilateral electricity markets
• Ancillary services electricity markets
• Retail electricity market
Researcher at University of Coimbra in the Energy for Sustainability initiative and INESCC, and Invited Professor at University of Aveiro in the Mechanical Engineering Department, he holds a Ph.D. in Sustainable Energy Systems from the University of Coimbra (UC) and a MBA from Porto Business School. His research interests, are in the areas of energy economics, energy markets and sustainable energy systems. He is author of articles in international peer-reviewed journals and conferences, and also a founding member of the Portuguese Association for Energy Economics. He is the Technical Support & Development Manager in Trustenergy (a joint venture between Engie and Marubeni).