A Vision for the EU Gas Target Model: the MECO-S Model

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dc.contributor.author GLACHANT, Jean-Michel
dc.date.accessioned 2011-06-24T09:58:06Z
dc.date.available 2011-06-24T09:58:06Z
dc.date.issued 2011-06-24
dc.identifier.issn 1028-3625
dc.identifier.uri http://hdl.handle.net/1814/17974
dc.description A previous version of this paper was replaced on 14/09/2011.
dc.description.abstract The discussion on a target model for European gas network access started at the 18th Madrid Forum in 2010. This model shall provide a unifying vision on the future layout of the European gas market architecture. That vision shall assist all stakeholders in implementing the 3rd EU energy market package on the internal gas market in a consistent way. Here is my proposal for the European gas target model termed MECO-S Model. It is a "Market Enabling, Connecting and Securing Model" describing an end-state of the gas market to be achieved over time. It rests on three pillars that share a common foundation, being that economical investments in pipelines are realized: Pillar 1: Structuring network access to the European gas grid in a way that enables functioning wholesale markets; Pillar 2: Fostering short- and mid-term price alignment between the functioning wholesale markets by tightly connecting the markets; Pillar 3: Enabling the establishment of secure supply patterns to the functioning wholesale markets. en
dc.language.iso en en
dc.relation.ispartofseries EUI RSCAS en
dc.relation.ispartofseries 2011/38 en
dc.relation.ispartofseries Florence School of Regulation en
dc.subject internal gas market en
dc.subject gas network access en
dc.subject gas security of supply en
dc.subject Third energy package en
dc.title A Vision for the EU Gas Target Model: the MECO-S Model en
dc.type Working Paper en


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