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Cross-border infrastructure constraints, regulatory measures and economic integration of the Dutch - German gas market

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Author Info

  • Kuper, Gerard
  • Mulder, Machiel

    (Groningen University)

Abstract

We estimate to which extent regulatory measures in the Dutch market have reduced the vulnerability of this market to constraints in the cross-border infrastructure with Germany, which is the largest Dutch neighbouring market. We measure this vulnerability by the degree the markets are integrated, i.e. to which extent the gas prices differ between the Dutch market (Title Transfer Facility or TTF) and the German market (NetConnectGermany or NCG). The constraints are measured through the utilisation of the cross-border infrastructure. We find evidence that the introduction of a market-based balancing regime together with the obligation to deliver all gas on the TTF on 1 April 2011 reduced the impact of the utilisation the Dutch-German cross-border infrastructure on the differences in prices between these countries.

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File URL: http://irs.ub.rug.nl/ppn/356621057
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Bibliographic Info

Paper provided by University of Groningen, Research Institute SOM (Systems, Organisations and Management) in its series Research Report with number 13001-EEF.

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Date of creation: 2013
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Handle: RePEc:dgr:rugsom:13001-eef

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  1. Juan Rosellón & Anne Neumann & Hannes Weigt, 2011. "Removing Cross-Border Capacity Bottlenecks in the European Natural Gas Market: A Proposed Merchant-Regulatory Mechanism," Working papers DTE 506, CIDE, División de Economía.
  2. Anne Neumann & Boriss Siliverstovs & Christian von Hirschhausen, 2006. "Convergence of European spot market prices for natural gas? A real-time analysis of market integration using the Kalman Filter," Applied Economics Letters, Taylor & Francis Journals, vol. 13(11), pages 727-732.
  3. Guillaume L'Hegaret & Boriss Siliverstovs & Christian von Hirschhausen, 2004. "International Market Integration for Natural Gas? A Cointegration Analysis of Prices in Europe, North America and Japan," Working Papers 0402, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research.
  4. Growitsch, Christian & Stronzik, Marcus & Nepal, Rabindra, 2012. "Price convergence and information efficiency in German natural gas markets," EWI Working Papers 2012-5, Energiewirtschaftliches Institut an der Universitaet zu Koeln.
  5. Bollerslev, Tim, 1986. "Generalized autoregressive conditional heteroskedasticity," Journal of Econometrics, Elsevier, vol. 31(3), pages 307-327, April.
  6. John Cuddington & Zhongmin Wang, 2006. "Assessing the Degree of Spot Market Integration for U.S. Natural Gas: Evidence from Daily Price Data," Journal of Regulatory Economics, Springer, vol. 29(2), pages 195-210, 03.
  7. repec:emc:wpaper:dte-506 is not listed on IDEAS
  8. Bernstein, Ronald & Madlener, Reinhard, 2011. "Residential Natural Gas Demand Elasticities in OECD Countries: An ARDL Bounds Testing Approach," FCN Working Papers 15/2011, E.ON Energy Research Center, Future Energy Consumer Needs and Behavior (FCN).
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