IDEAS home Printed from https://ideas.repec.org/a/eee/enepol/v37y2009i4p1277-1288.html
   My bibliography  Save this article

Gas storage services and regulation in Italy: A Delphi analysis

Author

Listed:
  • Bonacina, Monica
  • Cret, Anna
  • Sileo, Antonio

Abstract

The objective of this paper is to assess to which extent gas market inefficiencies, such as weak competition, import dependence and lack of flexibility tools, affect operation and usage of storage services in Italy in the aftermath of the EU liberalization process. The analysis is supported by the empirical results of a Delphi survey that we have conducted to investigate storage service provision and regulation in Italy. We argue that the Italian storage sector is at a crossroads. The policy-driven phase of liberalization is ending and the market-driven phase has just begun. The former phase has granted fair access to storage, narrowed the likelihood of strategic behaviour by the incumbent and secured residential users against supply disruptions, but it has proved dynamically inefficient. Cost-reflective tariffs and low penalties for unbalances have both lowered incentives to expand the range of flexibility tools and penalized industrial customers demand. The market-driven phase has just started. The expected increase in working capacity and the entry of newcomers in the authorization process for new facilities are a progress towards the commercial use of storage. To this end, however, a further change in gas market design is needed: the creation of a well functioning spot market.

Suggested Citation

  • Bonacina, Monica & Cret, Anna & Sileo, Antonio, 2009. "Gas storage services and regulation in Italy: A Delphi analysis," Energy Policy, Elsevier, vol. 37(4), pages 1277-1288, April.
    • Handle: RePEc:eee:enepol:v:37:y:2009:i:4:p:1277-1288
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301-4215(08)00701-5
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Kuusi, Osmo, 1999. "Expertise in the Future Use of Generic Technologies," Research Reports 59, VATT Institute for Economic Research.
    2. Massimo Di Domenico, 2007. "L'emergenza gas in Italia: premesse, fatti e interventi," ECONOMIA E POLITICA INDUSTRIALE, FrancoAngeli Editore, vol. 2007(2), pages 217-233.
    3. Rowe, Gene & Wright, George, 1999. "The Delphi technique as a forecasting tool: issues and analysis," International Journal of Forecasting, Elsevier, vol. 15(4), pages 353-375, October.
    4. Alberto Cavaliere, 2007. "Liberalization and Access to Essential Facilities: Regulation and Competition in Gas Storage," Politica economica, Società editrice il Mulino, issue 1, pages 29-64.
    5. Scarpa, Carlo & Polo, Michele, 2007. "Take or Pay Contracts and Market Segmentation," MPRA Paper 5861, University Library of Munich, Germany.
    6. Hoffler, Felix & Kubler, Madjid, 2007. "Demand for storage of natural gas in northwestern Europe: Trends 2005-30," Energy Policy, Elsevier, vol. 35(10), pages 5206-5219, October.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Alberto Cavaliere & Valentina Giust & Mario Maggi, 2011. "Efficient Mechanisms for Access to Storage with Imperfect Competition in Gas Markets," Quaderni di Dipartimento 151, University of Pavia, Department of Economics and Quantitative Methods.
    2. Elena Arce, María & Saavedra, Ángeles & Míguez, José L. & Granada, Enrique, 2015. "The use of grey-based methods in multi-criteria decision analysis for the evaluation of sustainable energy systems: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 47(C), pages 924-932.
    3. Makkonen, Mari & Pätäri, Satu & Jantunen, Ari & Viljainen, Satu, 2012. "Competition in the European electricity markets – outcomes of a Delphi study," Energy Policy, Elsevier, vol. 44(C), pages 431-440.
    4. Prasad, Ravita D. & Bansal, R.C. & Raturi, Atul, 2014. "Multi-faceted energy planning: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 38(C), pages 686-699.
    5. Cavaliere, Alberto & Giust, Valentina & Maggi, Mario, 2013. "Efficient mechanisms for access to storage when competition in gas markets is imperfect," Energy Economics, Elsevier, vol. 36(C), pages 481-490.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Makkonen, Mari & Pätäri, Satu & Jantunen, Ari & Viljainen, Satu, 2012. "Competition in the European electricity markets – outcomes of a Delphi study," Energy Policy, Elsevier, vol. 44(C), pages 431-440.
    2. Paméla Baillette & Bernard Fallery, 2016. "La méthode du Delphi argumentaire, une innovation managériale dans le cadre d'un projet complexe," Post-Print hal-02160359, HAL.
    3. Aurélie Girard & Bernard Fallery & Florence Rodhain, 2013. "Integration of Social Media in Recruitment: A Delphi Study," Post-Print hal-00998494, HAL.
    4. Seppänen, Hannes & Luokkala, Pekka & Zhang, Zhe & Torkki, Paulus & Virrantaus, Kirsi, 2018. "Critical infrastructure vulnerability—A method for identifying the infrastructure service failure interdependencies," International Journal of Critical Infrastructure Protection, Elsevier, vol. 22(C), pages 25-38.
    5. Packalen, Tuula & Kärkkäinen, Leena & Toppinen, Anne, 2017. "The future operating environment of the Finnish sawmill industry in an era of climate change mitigation policies," Forest Policy and Economics, Elsevier, vol. 82(C), pages 30-40.
    6. Prommer, Lisa & Tiberius, Victor & Kraus, Sascha, 2020. "Exploring the future of startup leadership development," Journal of Business Venturing Insights, Elsevier, vol. 14(C).
    7. Bas Kolen & Matthijs Kok & Ira Helsloot & Bob Maaskant, 2013. "EvacuAid: A Probabilistic Model to Determine the Expected Loss of Life for Different Mass Evacuation Strategies During Flood Threats," Risk Analysis, John Wiley & Sons, vol. 33(7), pages 1312-1333, July.
    8. Meissner, Philip & Brands, Christian & Wulf, Torsten, 2017. "Quantifiying blind spots and weak signals in executive judgment: A structured integration of expert judgment into the scenario development process," International Journal of Forecasting, Elsevier, vol. 33(1), pages 244-253.
    9. Fabio Salamanca-Buentello & Mary V Seeman & Abdallah S Daar & Ross E G Upshur, 2020. "The ethical, social, and cultural dimensions of screening for mental health in children and adolescents of the developing world," PLOS ONE, Public Library of Science, vol. 15(8), pages 1-25, August.
    10. Prianto Budi Saptono & Gustofan Mahmud & Intan Pratiwi & Dwi Purwanto & Ismail Khozen & Muhamad Akbar Aditama & Siti Khodijah & Maria Eurelia Wayan & Rina Yuliastuty Asmara & Ferry Jie, 2023. "Development of Climate-Related Disclosure Indicators for Application in Indonesia: A Delphi Method Study," Sustainability, MDPI, vol. 15(14), pages 1-25, July.
    11. Heiskanen, Aleksi & Hurmekoski, Elias & Toppinen, Anne & Näyhä, Annukka, 2022. "Exploring the unknowns – State of the art in qualitative forest-based sector foresight research," Forest Policy and Economics, Elsevier, vol. 135(C).
    12. Lin, Tun & De Guzman, Franklin, 2007. "Tourism for pro-poor and sustainable growth: economic analysis of tourism projects," MPRA Paper 24994, University Library of Munich, Germany.
    13. Di Zio, Simone & Bolzan, Mario & Marozzi, Marco, 2021. "Classification of Delphi outputs through robust ranking and fuzzy clustering for Delphi-based scenarios," Technological Forecasting and Social Change, Elsevier, vol. 173(C).
    14. Litsiou, Konstantia & Polychronakis, Yiannis & Karami, Azhdar & Nikolopoulos, Konstantinos, 2022. "Relative performance of judgmental methods for forecasting the success of megaprojects," International Journal of Forecasting, Elsevier, vol. 38(3), pages 1185-1196.
    15. Philip Rogiers & Stijn Viaene & Jan Leysen, 2020. "The digital future of internal staffing: A vision for transformational electronic human resource management," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 27(4), pages 182-196, October.
    16. Yaniv, Ilan, 2011. "Group diversity and decision quality: Amplification and attenuation of the framing effect," International Journal of Forecasting, Elsevier, vol. 27(1), pages 41-49.
    17. Alyami, Saleh. H. & Rezgui, Yacine & Kwan, Alan, 2013. "Developing sustainable building assessment scheme for Saudi Arabia: Delphi consultation approach," Renewable and Sustainable Energy Reviews, Elsevier, vol. 27(C), pages 43-54.
    18. Arkadiusz Wisniowski & Nico Keilman & Jakub Bijak & Solveig Christiansen & Jonathan J. Forster & Peter W.F Smith & James Raymer, 2012. "Augmenting migration statistics with expert knowledge," Norface Discussion Paper Series 2012005, Norface Research Programme on Migration, Department of Economics, University College London.
    19. Ngoy Kabemba S. & Mwiya Balimu & Mwanaumo Erastus & Chisumbe Sampa & Petere Gaida, 2023. "Factors Influencing Professional Indemnity Insurance Use in Construction Risk Management," Baltic Journal of Real Estate Economics and Construction Management, Sciendo, vol. 11(1), pages 199-220, January.
    20. Benjamin Court & Thomas Elliot & Joseph Dammel & Thomas Buscheck & Jeremy Rohmer & Michael Celia, 2012. "Promising synergies to address water, sequestration, legal, and public acceptance issues associated with large-scale implementation of CO 2 sequestration," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 17(6), pages 569-599, August.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:enepol:v:37:y:2009:i:4:p:1277-1288. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/enpol .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.