A Rough Examination of the value of gas storage

Monica Giulietti, Luigi Grossi and Michael Waterson

No 270757, Economic Research Papers from University of Warwick - Department of Economics

Abstract: This paper studies the impact of a re in 2006 which removed the possibility of access to the Rough gas storage facilities covering over 80% of total UK storage, at a time when major withdrawals from storage would have likely taken place. Implicitly, it shows the value of such gas storage facilities, in a country with relatively little storage, where we might therefore see a considerable impact. We nd that the major effect on activity was through an increased sensitivity of supply to prices and an increased variance in this sensitivity, not through physical shortages of gas

Keywords: Financial; Economics (search for similar items in EconPapers)
Pages: 35
Date: 2011-07
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Citations: View citations in EconPapers (3)

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Working Paper: A Rough Examination of the value of gas storage (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uwarer:270757

DOI: 10.22004/ag.econ.270757

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