Energy system transformation: business models development of european energy companies

Energy system transformation results in a radical change of the energy markets structure, the roles of its actors, their business competences and the dominant trading mechanisms. This process is caused and supported by the technological trends, which provide decarbonization of the energy mix, decentralization of production, consumption and commercialization of energy, as well as the formation of an interactive business environment. Consequently, the technological innovation requires continuous improvement of the business models applied by the key market players.