Building Gas Markets: US versus EU, market versus market model

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dc.contributor.author VAZQUEZ, Miguel
dc.contributor.author HALLACK, Michelle
dc.contributor.author GLACHANT, Jean-Michel
dc.date.accessioned 2012-02-24T16:57:45Z
dc.date.available 2012-02-24T16:57:45Z
dc.date.issued 2012
dc.identifier.issn 1028-3625
dc.identifier.uri http://hdl.handle.net/1814/20621
dc.description.abstract The liberalization process of the gas sector has showed that the reasoning to introduce competition in gas industries separates the services in at least two groups: commodities with relatively low transaction costs, and hence suitable to short-term market coordination, and network services which concentrate most of the specificities related to the physical flows. However, the way to coordinate such network services is still under debate. In this view, in USA specific services are coordinated through long term contracts, whereas the EU regulatory frame socializes the costs of the network services. In this paper, we develop a general analysis of the major consequences of this fundamental regulatory choice. In addition, we build on such analysis to explain the differences among the current proposals to design the coming European Internal Market. en
dc.language.iso en en
dc.relation.ispartofseries EUI RSCAS en
dc.relation.ispartofseries 2012/10 en
dc.relation.ispartofseries Florence School of Regulation en
dc.subject Gas markets en
dc.subject gas network regulation en
dc.subject entry – exit pricing en
dc.subject EU gas target model en
dc.title Building Gas Markets: US versus EU, market versus market model en
dc.type Working Paper en


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