Efficiency and Equity in the Transition to a New Natural Gas Market
AbstractThrough a series of regulatory decisions and legislative actions, the natural gas industry has undergone a radical transformation. Wellhead prices have been deregulated; interstate pipelines have been recast from merchants of bundled sales and transportation service to sellers of transportation and storage capacity; and supply procurement responsibilities have been shifted downstream to local distribution companies and end users. The transformation was made to foster efficiency improvements from wellhead to burner-tip. This paper reviews the policies that fostered the transition, examines the likely outcomes of those policies, and questions whether the transition has resulted in net benefits to all marketplace segments.
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Bibliographic InfoArticle provided by University of Wisconsin Press in its journal Land Economics.
Volume (Year): 71 (1995)
Issue (Month): 3 ()
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- Lam, Pun-Lee, 1996. "Restructuring the Hong Kong gas industry," Energy Policy, Elsevier, vol. 24(8), pages 713-722, August.
- Arano, Kathleen G. & Blair, Benjamin F., 2008. "An ex-post welfare analysis of natural gas regulation in the industrial sector," Energy Economics, Elsevier, vol. 30(3), pages 789-806, May.
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