Gas network and market diversity in the US, the EU and Australia: A story of network access rights

Jean-Michel Glachant, Michelle Hallack and Miguel Vazquez ()

No 2014/33, RSCAS Working Papers from European University Institute

Abstract: The institutional setting of open gas networks and markets is revealing considerably diverse and diverging roads taken by the US, the EU and Australia. We will show that this is explained by key choices made in the primary liberalization process. This primary liberalization is based on a definition of network access rights, which leads to different regimes for the transmission services, as well as for the gas commodity trade, as commodity trade depends on the network services to get any market deal actually implemented. Not only do those choices depend on the physical architecture of the network, but also the perceived difficulties and institutional costs of coordinating the actual transmission services through certain market arrangements.

Keywords: Network regulation; gas market; property rights; open access; gas carriage systems (search for similar items in EconPapers)
Date: 2014-03
New Economics Papers: this item is included in nep-ene, nep-net and nep-reg
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Citations: View citations in EconPapers (2)

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