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Prof. Arto Rajala
University of Vaasa, Finland

Basic Info

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Research Keywords & Expertise

0 B2B Marketing
0 Citizen Engagement
0 Energy community
0 Business networks and ecosystems
0 Prosumerism, sustainable electricity generation

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Short Biography

Arto Rajala, Ph.D. (Econ.), is a Professor of Marketing at the School of Marketing & Communication in University of Vaasa. He is the leader of the school’s marketing research group. He also holds the Title of Docent (Entrepreneurial Marketing) at the Lappeenranta University of Technology, Finland. Rajala’s research interest and special expertise are related to business-to-business marketing, energy transition, business networks, and innovations. He has published several articles on business networks and their management, SME growth and innovativeness, and marketing capabilities. Rajala has more than 20 years’ experience of teaching and program coordination in University of Vaasa and Aalto University (Finland). Currently, Rajala is leading and involved in several international and national interdisciplinary projects related to renewable energy, citizen engagement as well as energy communities and prosumers.

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Journal article
Published: 21 July 2021 in Energies
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Energy ecosystems are under a significant transition. Local flexibility marketplaces (LFM) and platforms are argued to have significant potential in contributing to such a transition. The purpose of this study was to answer the following research question: how do market conditions and stakeholders shape emerging LFM platform governance choices? We approached this objective with an exploratory single-case study by conducting ten semi-structured interviews with key stakeholders in the Finnish energy ecosystem. The results of the content and pattern analyses revealed the key challenges to LFM implementation such as the current regulatory treatment of flexibility, high costs of gadget installations, and ensuring sufficient liquidity in the market. In addition, we also demonstrated that despite such barriers, the Finnish ecosystem is largely pragmatic about LFMs’ in its midst. All in all, we contributed to the non-technological streams of LFM literature by developing an exhaustive framework with four distinctive dimensions (i.e., ecosystem readiness, value-creation logic, platform architecture and governance, platform competitiveness) for LFM development, which helps academics, practitioners, and policy-makers to understand how novel platforms emerge and develop.

ACS Style

Nayeem Rahman; Rodrigo Rabetino; Arto Rajala; Jukka Partanen. Ushering in a New Dawn: Demand-Side Local Flexibility Platform Governance and Design in the Finnish Energy Markets. Energies 2021, 14, 4405 .

AMA Style

Nayeem Rahman, Rodrigo Rabetino, Arto Rajala, Jukka Partanen. Ushering in a New Dawn: Demand-Side Local Flexibility Platform Governance and Design in the Finnish Energy Markets. Energies. 2021; 14 (15):4405.

Chicago/Turabian Style

Nayeem Rahman; Rodrigo Rabetino; Arto Rajala; Jukka Partanen. 2021. "Ushering in a New Dawn: Demand-Side Local Flexibility Platform Governance and Design in the Finnish Energy Markets." Energies 14, no. 15: 4405.