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

Jean-Michel Glachant ()

No 2011/38, RSCAS Working Papers from European University Institute

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.

Keywords: internal gas market; gas network access; gas security of supply; Third energy package (search for similar items in EconPapers)
Date: 2011-06-24
New Economics Papers: this item is included in nep-ene and nep-eur
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://cadmus.eui.eu/bitstream/handle/1814/17974/R ... ev%5d.pdf?sequence=3 Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rsc:rsceui:2011/38

Access Statistics for this paper

More papers in RSCAS Working Papers from European University Institute Convento, Via delle Fontanelle, 19, 50014 San Domenico di Fiesole (FI) Italy. Contact information at EDIRC.
Bibliographic data for series maintained by RSCAS web unit ().