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Gas Network and Market: à la carte?

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  • Miguel Vazquez
  • Michelle Hallack
  • Jean-Michel Glachant

Abstract

The institutional setting of open gas networks and markets is revealing considerably diverse and diverging roads taken by the US, the EU or Australia. We will show that this is explained by key choices made in the liberalization process. This liberalization is based on a redefinition of the property rights associated with transmission grid usage. That leads to different systems for the transmission services, as well as for the gas commodity trade, which in turn depends on the network services to get any market deal actually implemented. Not only do those choices depend on the physical architecture of the network, but also the perceived difficulties and costs to coordinate the actual transmission services through certain market arrangements.

Suggested Citation

  • Miguel Vazquez & Michelle Hallack & Jean-Michel Glachant, 2013. "Gas Network and Market: à la carte?," RSCAS Working Papers 2013/73, European University Institute.
    • Handle: RePEc:rsc:rsceui:2013/73
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    References listed on IDEAS

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    Cited by:

    1. Jing Xu & Michelle Hallack & Miguel Vazquez, 2017. "Applying a third party access model for China’s gas pipeline network: an independent pipeline operator and congestion rent transfer," Journal of Regulatory Economics, Springer, vol. 51(1), pages 72-97, February.
    2. Shastitko, A. & Kurdin, A. & Filippova, I., 2020. "Structural alternatives of the gas transportation organization through an insulated pipeline," Journal of the New Economic Association, New Economic Association, vol. 47(3), pages 128-156.
    3. Jean-Michel Glachant, 2014. "Governance in Network Industries: Lessons Learnt from New Institutional Economics," RSCAS Working Papers 2014/67, European University Institute.

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    Keywords

    network regulation; gas market; property rights; carriage systems;
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