Concurrence et stockage stratégique sur le marché gazier

Edmond Baranes, François Mirabel and Jean-Christophe Poudou

Economie & Prévision, 2007, vol. n° 178-179, issue 2, 25-40

Abstract: This article examines the strategic role of gas storage and its regulation in an environment comprising a gas spot market. In keeping with the literature on the topic, we view storage as an instrument that a supplier uses to ensure flexibility when meeting peak demand. In that situation, there is a tradeoff between the use of storage and the use of a short-term market to meet demand. Ourmodel's innovative feature is the linkage between volume of gas stored and spot-marketprice. In some cases, stored gas enables the supplier to partially satisfy demand and so helps to lower the price on the short-term market. We show that the optimal solution may sometimes be for the regulator to allow strategic storage, particularly when there are not enough arbitrageurs in the spot market to keep it fluid.

Keywords: storage; spot market; gas market (search for similar items in EconPapers)
Date: 2007
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Journal Article: Concurrence et stockage stratégique sur le marché gazier (2007)
Working Paper: Concurrence et stockage stratégique sur le marché gazier (2007)
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