Facilitating ESCO market development through value co‑creation: role of utility sector intermediaries
The growth of energy service company (ESCO) markets in the private sector is restricted by a fragmented and highly uncertain market and by customers who are often unknowledgeable and unwilling. This study explores the potential role of utility companies as intermediaries in connecting supply-side ES...
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| Published: |
2021
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| Online Access: | https://bspace.buid.ac.ae/handle/1234/3521 |
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| Summary: | The growth of energy service company (ESCO) markets in the private sector is restricted by a fragmented and highly uncertain market and by customers who are often unknowledgeable and unwilling. This study explores the potential role of utility companies as intermediaries in connecting supply-side ESCOs with potential demand-side cus tomers in a manner that ensures customer satisfac tion. The paper adopts a customer-centric, service dominant logic perspective to examine how a utility company facilitates value co-creation in an in-depth case study of an extensive retrofit programme in the Emirate of Sharjah, United Arab Emirates. The find ings underline several value co-creation roles associ ated with the utility company intermediary, notably relationship-enabling, communication-enabling and knowledge-enabling roles. We conclude with recom mendations on how utility companies can facilitate the co-creation of value at the ESCO–customer inter face and, hence, support the development of ESCO markets towards decarbonising the built environment. |
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