437,594 research outputs found
The gas chain: influence of its specificities on the liberalisation process. NBB Working Papers. No. 122, 16 November 2007
Like other network industries, the European gas supply industry has been liberalised, along the lines of what has been done in the United Kingdom and the United States, by opening up to competition the upstream and downstream segments of essential transmission infrastructure. The aim of this first working paper is to draw attention to some of the stakes in the liberalisation of the gas market whose functioning cannot disregard the network infrastructure required to bring this fuel to the consumer, a feature it shares with the electricity market. However, gas also has the specific feature of being a primary energy source that must be transported from its point of extraction. Consequently, opening the upstream supply segment of the market to competition is not so obvious in the European context, because, contrary to the examples of the North American and British gas markets, these supply channels are largely in the hands of external suppliers and thus fall outside the scope of EU legislation on the liberalisation and organisation of the internal market in gas. Competition on the downstream gas supply segment must also adapt to the constraints imposed by access to the grid infrastructure, which, in the case of gas in Europe, goes hand in hand with the constraint of dependence on external suppliers. Hence the opening to competition of upstream and downstream markets is not "synchronous", a discrepancy which can weaken the impact of liberalisation. Moreover, the separation of activities necessary for ensuring free competition in some segments of the market is coupled with major changes in the way the gas chain operates, with the appearance of new markets, new price mechanisms and new intermediaries. Starting out from a situation where gas supply was in the hands of vertically-integrated operators, the new regulatory framework that has been set up must, on the one hand, ensure that competitive forces can be given free rein, and, on the other hand, that free and fair competition helps the gas chain to operate coherently, at lower cost and in the interests of consumers, for whom the stakes are high as natural gas is an important input for many industrial manufacturing processes, even a "commodity" almost of basic necessity
Tolling, Capacity Selection and Equilibrium Problems with Equilibrium Constraints
An Equilibrium problem with an equilibrium constraint is a mathematical construct that can be applied to private competition in highway networks. In this paper we consider the problem of finding a Nash Equilibrium regarding competition in toll pricing on a network utilising 2 alternative algorithms. In the first algorithm, we utilise a Gauss Siedel fixed point approach based on the cutting constraint algorithm for toll pricing. In the second algorithm, we extend an existing sequential linear complementarity approach for finding Nash equilibrium subject to Wardrop Equilibrium constraints. Finally we consider how the equilibrium may change between the Nash competitive equilibrium and a collusive equilibrium where the two players co-operate to form the equivalent of a monopoly operation
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Investment in new power generation in New South Wales: Comments by Public Service International Research Unit, University of Greenwich, London
This report comments on the prospects for new generation investment in New South Wales, in particular, what the role of the public sector should be
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Electricity transmission: an overview of the current debate
Electricity transmission has emerged as critical for successfully liberalising powermarkets. This paper surveys the issues currently under discussion and provides a framework for the remaining papers in this issue. We conclude that signalling the efficient location of generation investment might require even a competitive LMP system to be complemented with deep connection charges. Although a Europe-wide LMP system is desirable, it appears politically problematic, so an integrated system of market coupling, possibly evolving by voluntary participation, should have high priority. Merchant investors may be able to increase interconnector capacity, although this is not unproblematic and raises new regulatory issues. A key issue that needs further research is how to better incentivize TSOs, especially with respect to cross-border issues
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New South Wales Government Energy Directions Green Paper: comments by Public Service International Research Unit, University of Greenwich, London
A critique of the New South Wales Government's 2004 Green Paper on energy polic
The case for "Open Access" communications infrastructure in Africa : the SAT-3/WASC cable - a briefing
This study examines the impact the SAT-3 fibre optic submarine cable has had on telecommunications in four African countries has found that the potential of the cable has not been properly exploited. Instead, ownership of the cable by telecoms incumbents in the countries researched has reinforced their market positions. The study analyses the effect ownership of the South Atlantic 3/West Africa Submarine Cable (SAT-3/WASC) has had on the communications markets in Angola, Cameroon, Ghana and Senegal. It focuses on the 'Africa section' of the submarine cable -running along the west coast of Africa down to southern Africa- with a specific emphasis on access and cost
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Electricity industry reforms in smaller EU countries: experience from the Nordic region
This report reviews reforms to the electricity sector in the Nordic countries, explains the apparent success so far and explores whether this success can be sustained
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