Third Party Access pricing to the network, secondary capacity market and economic optimum: the case of natural gas

L. David and J. Percebois

Cahiers du CREDEN (CREDEN Working Papers) from CREDEN (Centre de Recherche en Economie et Droit de l'Energie), Faculty of Economics, University of Montpellier 1

Abstract: The gas deregulation process implies crucial choices concerning access to transportation networks. These choices deal with the nature, the structure and the level of access fees. This paper proposes an evaluation of different systems implemented both in Europe and North America, in relation to normative pricing references. The rules according to which shippers can buy or sell capacity represent another kind of choice that Regulators have to make. This paper proposes a simple model which demonstrates that secondary market prices should not be subject to a cap and emphasizes the need of a 'use-it-or-lose-it' rule on this market.

Keywords: DEREGLEMENTATION; INVESTISSEMENT; OPTION REELLE; FINANCEMENT OPTIMAL; PRIX DE REVIENT; ELECTRICITE (search for similar items in EconPapers)
Pages: 24 pages
Date: 2002
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:mop:credwp:02.09.36

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