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A Vision for the EU Gas Target Model: the MECO-S Model

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  • Jean-Michel Glachant

Abstract

The discussion on a target model for European gas network access started at the 18th Madrid Forum in 2010. This model shall provide a unifying vision on the future layout of the European gas market architecture. That vision shall assist all stakeholders in implementing the 3rd EU energy market package on the internal gas market in a consistent way. Here is my proposal for the European gas target model termed MECO-S Model. It is a "Market Enabling, Connecting and Securing Model" describing an end-state of the gas market to be achieved over time. It rests on three pillars that share a common foundation, being that economical investments in pipelines are realized: Pillar 1: Structuring network access to the European gas grid in a way that enables functioning wholesale markets; Pillar 2: Fostering short- and mid-term price alignment between the functioning wholesale markets by tightly connecting the markets; Pillar 3: Enabling the establishment of secure supply patterns to the functioning wholesale markets.

Suggested Citation

  • Jean-Michel Glachant, 2011. "A Vision for the EU Gas Target Model: the MECO-S Model," RSCAS Working Papers 2011/38, European University Institute.
    • Handle: RePEc:rsc:rsceui:2011/38
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    Cited by:

    1. Keyaerts, Nico & D'haeseleer, William, 2014. "Forum shopping for ex-post gas-balancing services," Energy Policy, Elsevier, vol. 67(C), pages 209-221.
    2. Li, Fengyun & Li, Xingmei, 2022. "An empirical analysis on regional natural gas market of China from a spatial pattern and social network perspective," Energy, Elsevier, vol. 244(PA).
    3. Miguel Vazquez & Michelle Hallack & Jean-Michel Glachant, 2012. "Designing the European Gas Market: More Liquid & Less Natural?," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 3).

    More about this item

    Keywords

    internal gas market; gas network access; gas security of supply; Third energy package;
    All these keywords.

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