Structural and Regulatory Reform of the European Natural Gas Market
Author: Abdelkader Rainaldo Spanjer
Publisher:
Published: 2008
Total Pages: 271
ISBN-13: 9789064643002
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Structural and Regulatory Reform of the European Gas Market - Does the Current Approach Secure the Public Service Obligations
Author: Aldo Spanjer
Publisher:
Published: 2009
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOKThe European natural gas market is in a state of flux. In order to better secure the public service obligations - supply security, competitiveness and sustainability - this market is currently being liberalized. This requires significant structural and regulatory reform. This reform process is not yet finished; the European gas market finds itself in a transition phase from the traditional managed market structure towards an internal European gas market which is governed by competitive forces. In such a transition phase, problems and tensions are inevitable. This study assesses the adequacy of the current approach towards structural and regulatory reform of the European gas market in light of the changes that are taking place on this market. These changes create a new context for gas regulation. Given the vital role of investments in securing any of the public service obligations, the analysis is conducted from the perspective of ensuring sufficient investments. The theoretical part criticizes the current neoclassical approach towards reform and argues that the transaction cost perspective will result in better outcomes in terms of market behavior in the new regulatory context. The empirical part undertakes case studies on two recent amendments to gas regulation - the possibility for certain investments to be exempted from the provisions to provide third party access, and the enlarged scope for concluding downstream long-term gas supply contracts - in order to assess whether the theoretical critique is also valid in practice. Both case studies confirm the theoretical critique. The current regulatory approach appears to be stuck between the neoclassical and the transaction cost perspective. Recommendations are provided in order to better align current regulation with the insights provided by Transaction Cost Economics.
Regulatory Reform
Author: Jochen Hierl
Publisher:
Published: 2000
Total Pages: 144
ISBN-13:
DOWNLOAD EBOOKThe countries of Continental Europe have started the process of reforming their natural gas markets. This book sets the context for, and considers the issues raised by, these reforms. It also analyses the key elements of effective reform, such as third party access to the gas infrastructure. Unlike earlier reformers, Europe faces important challenges of growing import dependency and reliance on a few large producer countries, against a background of strong demand growth. It is vital that both short and long term security of supply are sustained in the new market conditions. At the same time a key objective of reform is to improve economic efficiency through competition and short term trade, in order to reduce prices for natural gas consumers. The book argues that security and competition are not incompatible, and that security can be enhanced by competition provided that reform is handled with care. As Europe implements the EU Gas Directive, this book is a timely review for energy policy makers and others involved in the reform process. It is the latest in a series of IEA publications on energy market reforms.
Building Competitive Gas Markets in the EU
Author: Jean-Michel Glachant
Publisher: Edward Elgar Publishing
Published: 2013-01-01
Total Pages: 293
ISBN-13: 1782540644
DOWNLOAD EBOOKThis highly unique book focuses on market design issues common to most EU gas markets, particularly in the context of closer integration. It explores in detail the characteristics and requirements of national gas markets in Europe, which are constructed as virtual hubs based on entry/exit schemes as a requirement of European law. The expert contributors analyse gas supply and demand patterns in the EU, showing that both have changed following the introduction of liquefied natural gas on the supply side and the growth of gas-fired power plants on the demand side. The repeated interactions between the transmission operators activity and the gas commodity markets are addressed, as is the design of commercial networks in EU markets. The contributors also question whether the relationship between commercial and physical networks, in terms of the new flexibility requirements of users, actually works. By way of conclusion, two proposals for the EU gas target model are presented, both of which tackle the fundamental issues raised in this book, as well as the organization of short-term transactions and the mechanisms for investment in vital new long-life infrastructure needed to integrate EU markets. This volume will be of great interest to practitioners, as well as academics, researchers and students in the fields of energy economics and industrial economics. Both European and non-European energy companies and regulatory authorities looking for an independent and analytical overview of European gas markets will also find this book to be a highly valuable resource.
National Reforms in European Gas
Author: M. Arentsen
Publisher: Gulf Professional Publishing
Published: 2003-08-14
Total Pages: 403
ISBN-13: 0080537294
DOWNLOAD EBOOKFocussing on the change and development of national gas markets in Europe, this book provides an overview, analysis and comparison of recent dynamics in several national gas markets, at a time of very rapid change within this industry. This overview provides a better understanding of current events and future evolution in the European gas business. What can be expected at the European level given the recent trends and dynamics in national gas markets in Europe? How did countries respond to the EU gas directive and why? What are the important barriers to a harmonised European gas market from the perspective of national developments? This book tackles these and related questions. Written by experts across the field of energy policy and reform, this publication will be an invaluable resource for social scientists studying the ongoing reform process in energy markets as well as industry analysts, consultants, policy makers and utility companies worldwide.
European Union Policy-Making
Author: Nicole Herweg
Publisher: Springer
Published: 2017-02-23
Total Pages: 276
ISBN-13: 3319494007
DOWNLOAD EBOOKThis book furthers the ongoing theoretical development of the multiple streams framework, assessing its applicability to European Union (EU) policy-making processes. It systematically defines and identifies functional equivalents for all of the framework’s core concepts at the EU level and extends the framework in order to explain agenda-setting and decision-making. Furthermore, the book derives a set of explicit hypotheses to empirically assess the extent to which the (modified) framework is able to explain timing, agenda prominence, and policy change (or a lack thereof) for the EU natural gas directives passed in 1998, 2003, and 2009. The analysis documents that the framework is well-suited to explain the EU policy process in general and reveals where additional theoretical refinements are required.
Law and Policy of the European Gas Market
Author: Monica Waloszyk
Publisher:
Published: 2014
Total Pages: 0
ISBN-13: 9781783473465
DOWNLOAD EBOOKLaw and Policy of the European Gas Market explores the law and politics of the EU gas market and in particular, the regulatory and competitive choices of institutions and bodies operating on the market, with a view to achieving a higher level of market integration. The book firstly addresses the latest stage in the EU gas market regulatory reform, while critically interpreting the preliminary effects of this reform. Secondly, it provides a comprehensive analysis of the topic due to the fact that it draws both on legislative and political science approaches. Monica Waloszyk concentrates on the latest legal developments on the EU gas market, while taking into consideration the geopolitical environment surrounding and fuelling such developments. Her insightful conclusions contribute to the discussion of the reassessment of the concurrent application of competition law and regulation in the EU gas market.
Hungary
Author: Ioannis Nicolaos Kessides
Publisher: World Bank Publications
Published: 2000-01-01
Total Pages: 106
ISBN-13: 9780821347829
DOWNLOAD EBOOKHungary was one of the first countries in Central and Eastern Europe to embark on economic transition. It has also led the region in terms of the restructuring and privatization of the infrastructure sectorselectricity, gas, and telecommunications. In fact, when negotiations over accession into the EU commenced, Hungary's institutional and structural framework was comparable to, if not ahead of, that of most EU countries. However, even an excellent process of reform provides some opportunities for further improvements, especially as new information and experience accumulate.This report: Provides a diagnostic assessment of recent and ongoing structural and regulatory reforms in Hungary's infrastructure sectors-electricity, oil and gas, and telecommunications; Identifies priorities for additional competitive restructuring and regulatory decontrol measures, their expected impacts, and policies designed to minimize the transition costs of deregulation and market liberalization; Assesses the progress made toward compliance with the European Union (EU) accession requirements and identify areas that might benefit from special attention to accelerate the transition to a liberalized regime; Identifies the major regulatory issues that need to be addressed in the medium term by the Hungarian regulatory agencies and suggest a strategy for addressing these issues. This volume will be of interest to Bank staff, policymakers, and World Bank client countries.
China’s Gas Development Strategies
Author: Shell International B.V.
Publisher: Springer
Published: 2017-11-23
Total Pages: 515
ISBN-13: 3319597345
DOWNLOAD EBOOKThis book is open access under a CC BY 4.0 license. This book examines how China can increase the share of natural gas in its energy system. China’s energy strategy has global ramifications and impact, and central to this strategy is the country’s transition from coal to gas. The book presents the culmination of a two-year collaboration between the Development Research Center of the State Council (DRC) and Shell. With the Chinese government’s strategic aim to increase the share of gas in the energy mix from 5.8% in 2014 to 10% and 15% in 2020 and 2030 respectively, the book outlines how China can achieve its gas targets. Providing both quantifiable metrics and policy measures for the transition, it is a much needed addition to the literature on Chinese energy policy. The research and the resulting recommendations of this study have fed directly into the Chinese government’s 13th Five-Year Plan, and provide unique insights into the Chinese government and policy-making. Due to its global impact, the book is a valuable resource for policy makers in both China and the rest of the world.
Natural Gas in the Internal Market:A Review of Energy Policy
Author: Ernst Mestmacker
Publisher: Springer
Published: 1993
Total Pages: 296
ISBN-13:
DOWNLOAD EBOOKThis work analyses key issues of a European policy and future regulation for natural gas. The structure and performance of gas markets and the organizational characteristics of gas supply, transmission and distribution are considered. The work examines how the regulatory policies of Member States differ substantially from one another and from most determinants of a European energy policy: differences in system of ownership on all levels of the industry; in degrees of concentration and integration; in market structures of supply and demand especially in access to natural gas sources; in regulatory policies and priorities especially regarding gas-to-gas and substitute competition; in regulatory instruments; in motions of national interest, optimal use and preservation of resources and investments; and dependence on foreign supplies. The development of Community law benefits from an appreciation of these factors, and experts from most EC member states provide a rigorous and thorough analysis of the issues.
