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The Future of Electricity Transmission and Distribution in ... - p.wnp.pl

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Three bus<strong>in</strong>ess models effective <strong>in</strong> the energy <strong>in</strong>dustry<br />

Bus<strong>in</strong>ess models <strong>in</strong> the energy <strong>in</strong>dustry<br />

ENERGY DELIVERY<br />

COMPANY<br />

• <strong>Transmission</strong><br />

• <strong>Distribution</strong><br />

A VERTICALLY<br />

INTEGRATED ENERGY<br />

GROUP<br />

• Generation<br />

• Trad<strong>in</strong>g<br />

• Retail<br />

INDEPENDENT POWER<br />

PRODUCERS<br />

• Generation<br />

• Wholesale trade<br />

INDEPENDENT ENERGY<br />

TRADERS<br />

• Trad<strong>in</strong>g<br />

• Retail<br />

<strong>The</strong> above bus<strong>in</strong>ess models have emerged accord<strong>in</strong>g to their historical attractiveness on capital<br />

markets generation is presently <strong>in</strong>creas<strong>in</strong>gly attractive whereas the two middle models are<br />

ga<strong>in</strong><strong>in</strong>g importance (it is important to properly def<strong>in</strong>e the second model).<br />

16

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