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The Gas Target Model in Central Europe : a study of the V4 Region
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1977-3919
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Florence : European University Institute, 2013
Florence School of Regulation; 2013/07; Policy Briefs; Energy; Gas
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ASCARI, Sergio, The Gas Target Model in Central Europe : a study of the V4 Region, Florence : European University Institute, 2013, Florence School of Regulation, 2013/07, Policy Briefs, Energy, Gas - https://hdl.handle.net/1814/28997
Abstract
• Due to the small size of their national markets, V4 countries (Czech Republic, Hungary, Poland and Slovakia) should undertake a joint implementation of the Gas Target Model that has been proposed for the European market. • A V4 level implementation would benefit from current interconnection plans and allow improved competition and liquidity, and a better exploitation of new market opportunities. • Joint V4 implementation proposals would be more likely to succeed if in line with private development interests and with other initiatives undertaken in the wider Central and Eastern Europe. • Theoretical available models span from a single price and balancing zone, to a single price zone with separate balancing areas (trading region), to market coupling and to independent connection to an external liquid market. • In practice, theoretical models are not mutually exclusive. The trading region between Austria, Czech Republic and Slovakia could be accompanied by transitional market coupling with Hungary and Poland, with a view to full integration. • Timely completion of interconnection plans and harmonised implementation of European Network Codes would underpin the process; on the contrary, single-handedly customer protection measures may hamper market development and integration. • Institutional development should be minimised and existing or market-driven forms of coordination should be preferred. Further TSO collaboration is likely, and could lead to alliances, as recently experienced by other European TSOs.
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QM-AI-13-107-EN-C
QM-AI-13-107-EN-N
QM-AI-13-107-EN-N