Removing Cross-Border Capacity Bottlenecks in the European Natural Gas Market—A Proposed Merchant-Regulatory Mechanism
نویسندگان
چکیده
منابع مشابه
A Proposed Merchant-Regulatory Mechanism
We propose a merchant-regulatory framework to promote investment in the European natural gas network infrastructure based on a price cap over two-part tariffs. As suggested by Vogelsang (2001) and Hogan et al. (2010), a profit maximizing network operator facing this regulatory constraint will intertemporally rebalance the variable and fixed part of its two-part tariff so as to expand the conges...
متن کاملCross-border investment expenditure spillovers in European gas infrastructure
We investigate the implications of an integrated vis-à-vis a national perspective regarding investment in natural gas infrastructure. In particular, we analyze cross-border spillovers related to the investment expenditure of five Western European countries. We develop a practical approach to estimate such cross-border investment expenditure spillovers using a multi-regional input-output model. ...
متن کاملJoint Merchant Management of Natural Gas Storage and Transport Assets
Natural gas pipeline systems give merchants the ability to trade natural gas across time and geographical markets. That is, these systems embed two types of assets that merchants manage as real options: storage and transport. The current literature has studied the merchant management of these assets in isolation. In contrast, we consider their joint merchant management, which we model as a Mark...
متن کاملToward a Combined Merchant-regulatory Mechanism for Electricity Transmission Expansion
Electricity transmission pricing and transmission grid expansion have received increasing regulatory and analytical attention in recent years. Since electricity transmission is a very special service with unusual characteristics, such as loop flows, the approaches have been largely tailor-made and not simply taken from the general economic literature or from the more specific but still general ...
متن کاملCross-border infrastructure constraints, regulatory measures and economic integration of the Dutch – German gas market
We estimate to which extent regulatory measures in the Dutch market have reduced the vulnerability of this market to constraints in the cross-border infrastructure with Germany, which is the largest Dutch neighbouring market. We measure this vulnerability by the degree the markets are integrated, i.e. to which extent the gas prices differ between the Dutch market (Title Transfer Facility or TTF...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Networks and Spatial Economics
سال: 2014
ISSN: 1566-113X,1572-9427
DOI: 10.1007/s11067-014-9273-3