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Empfehlungen für das Marktdesign zur Befüllung der Gasspeicher

Author

Listed:
  • Gretschko Vitali
  • Ockenfels Axel

Abstract

The gas storage regulations are intended to increase security of supply in winter. Tenders and direct procurement by the Market Area Coordinator should ensure that gas storage facilities are filled. Both instruments can lead to a displacement of other storage volumes. Since direct procurement potentially leads to less displacement and allows for better control of strategic behavior, it may be more effective. Tender design can be improved by setting a reserve price and allowing storage obligation trading in a secondary market. Furthermore, separate tenders for withdrawal options, the elimination of the commodity price surcharge, and further adjustments can be beneficial.

Suggested Citation

  • Gretschko Vitali & Ockenfels Axel, 2023. "Empfehlungen für das Marktdesign zur Befüllung der Gasspeicher," Wirtschaftsdienst, Sciendo, vol. 103(2), pages 105-111, February.
    • Handle: RePEc:vrs:wirtsc:v:103:y:2023:i:2:p:105-111:n:12
    DOI: 10.2478/wd-2023-0032
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    More about this item

    JEL classification:

    • D47 - Microeconomics - - Market Structure, Pricing, and Design - - - Market Design
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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