Cross-border constraints, institutional changes and integration of the Dutch–German gas market
Gerard Kuper () and
Machiel Mulder ()
Energy Economics, 2016, vol. 53, issue C, 182-192
We evaluate the contribution of nine institutional changes to the integration of the Dutch and German gas markets. We analyse this contribution through the impact of bottlenecks in the cross-border infrastructure on the absolute value of cross-border price differences. In the period 2007–2013, the absolute value of the differences in price levels between the Dutch and the German NCG market decreased, indicating more integration. We find evidence that the improved connections within the German networks as well as between the Dutch and the German network contributed to this. The strengthening of the connections with the UK market and the Russian supply, however, had a negative effect on market integration between the Dutch and the German NCG market. The liquidity-enhancing changes within the Dutch market had a negligible effect.
Keywords: Gas market; Regulation; Cross-border infrastructure; Time-series analysis (search for similar items in EconPapers)
JEL-codes: Q41 L95 L51 C22 (search for similar items in EconPapers)
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Working Paper: Cross-border constraints, institutional changes and integration of the Dutch-German gas market (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:53:y:2016:i:c:p:182-192
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