Title:Designing the European Gas Market: More liquid & less natural?
Author(s):VAZQUEZ, Miguel; HALLACK, Michelle; GLACHANT, Jean-MichelDate:2012Type of Publication:ArticleSeries/Report no.:[Florence School of Regulation]Abstract:Designing a gas market is defining how the commodity, the transmission and ancillary services are traded. The European Union has built the commoditization of natural gas through the socialization of several costs of trade. ...
Title:Building Gas Markets: US versus EU, market versus market model
Author(s):VAZQUEZ, Miguel; HALLACK, Michelle; GLACHANT, Jean-MichelDate:2012Type of Publication:ArticleSeries/Report no.:[Loyola de Palacio Chair]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 ...
Title:Building Gas Markets: US versus EU, market versus market model
Author(s):VAZQUEZ, Miguel; HALLACK, Michelle; GLACHANT, Jean-MichelDate:2012Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract: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 ...
Title:Design of Auctions for Short-Term Allocation in Gas Markets Based on Virtual Hubs
Author(s):VAZQUEZ, Miguel; HALLACK, MichelleDate:2012Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:Gas markets based on virtual hubs has been the preferred EU design. Such market designs are based on socializing network flexibility services. Nonetheless, shippers have different preferences about the network flexibility, ...
Title:A Gas Target Model for the European Union: Contrasting MECOS and EURAM Proposal
Author(s):ASCARI, Sergio; GLACHANT, Jean-MichelDate:2011Type of Publication:Technical ReportSeries/Report no.:Florence School of RegulationAbstract:At the 18th Madrid Forum (2010) the discussion of an EU gas target model was officially launched. It aims at defining a non-binding vision giving coherence to the coming set of European gas framework guidelines and grid ...
Title:A Gas Target Model for the EU: Florence School Proposes MECO-S
Author(s):GLACHANT, Jean-MichelDate:2011Type of Publication:Technical ReportSeries/Report no.:Florence School of RegulationAbstract:The discussion about the need for and the pros and cons of a gas target model started around the beginning of 2010 and found its first point of culmination in the conclusions of the 18th Madrid Forum in September 2010 which ...
Title:The Gas Transportation Network as a ‘Lego’ Game: How to Play with It?
Author(s):GLACHANT, Jean-Michel; HALLACK, MichelleDate:2010Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:Gas transportation networks exhibit a quite substantial variety of technical and economical properties
ranges roughly from an entrenched natural monopoly to near to an open competition platform. This
empirical fact is ...
Title:Tariffs for European Gas: Transmission Networks
Author(s):RIOUS, Vincent; HALLACK, MichelleDate:2009Type of Publication:Technical ReportSeries/Report no.:EUI RSCASAbstract:The mainline of the workshop was the transmission tariffs on gas network from a European perspective. Transmission tariff is a key issue for the European gas system for two reasons. First, transmission tariff should ...
Title:Take-or-Pay Contract Robustness: A three step story told by the Brazil-Bolivia gas case?
Author(s):GLACHANT, Jean-Michel; HALLACK, MichelleDate:2009Type of Publication:ArticleAbstract:Neo-institutional economics (NEI) has long shown that take-or-pay (ToP) long-term contracts provide a robust framework for safeguarding the interests of both upstream and downstream parties in the gas industry. The case ...