Removing Cross-Border Capacity Bottlenecks in the European Natural Gas Market
- A Proposed Merchant-Regulatory Mechanism
Anne Neumann[1], Juan Rosellón[2] and HannesWeigt[3]
1Base Case
1.1Comparative Results
Figure 1: Short Run Welfare Comparison
Figure 2: Congestion Rent
Figure 3: Price Development
1.2No Extension Case
Figure 4: Regional Price Development, Winter Season
Figure 5: Regional Price Development, Summer Season
1.3Profit Based Case
Figure 6: Regional Price Development, Winter Season
Figure 7: Regional Price Development, Summer Season
Figure 8: Total Capacity Extension
1.4Regulated Case
Figure 9: Regional Price Development, Winter Season
Figure 10: Regional Price Development, Summer Season
Figure 11: Total Capacity Extension
1.5Welfare Benchmark Case
Figure 12: Regional Price Development, Winter Season
Figure 13: Regional Price Development, Summer Season
Figure 14: Total Capacity Extension
2Regional Coverage Scenarios
2.1Comparative Results
Figure 15: Short Run Welfare Comparison
Figure 16: Congestion Rent
Figure 17: Price Development
2.2Full Coverage Case
Figure 18: Regional Price Development, Winter Season
Figure 19: Regional Price Development, Summer Season
Figure 20: Total Capacity Extension
2.3Central-West Coverage Case
Figure 21: Regional Price Development, Winter Season
Figure 22: Regional Price Development, Summer Season
Figure 23: Total Capacity Extension
2.4Central-East Coverage Case
Figure 24: Regional Price Development, Winter Season
Figure 25: Regional Price Development, Summer Season
Figure 26: Total Capacity Extension
3Caspian Scenarios
3.1Comparative Results
Figure 27: Short Run Welfare Comparison
Figure 28: Congestion Rent
Figure 29: Price Development
3.2Regulated Case
Figure 30: Regional Price Development
Figure 31: Total Capacity Extension
3.3Welfare Benchmark Case
Figure 32: Regional Price Development
Figure 33: Total Capacity Extension
4LNG Scenarios
4.1Comparative Results
Figure 34: Short Run Welfare Comparison
Figure 35: Congestion Rent
Figure 36: Price Development
4.2Regulated Case
Figure 37: Regional Price Development
Figure 38: Total Capacity Extension
4.3Welfare Benchmark Case
Figure 39: Regional Price Development
Figure 40: Total Capacity Extension
1
[1] Anne Neumann, Universität Potsdam and German Institute for Economic Research, (DIW Berlin), Universität Potsdam, Dept. of Economics and Business, Chair for Economic Policy, August-Bebel-Str. 89, D-14482 Potsdam, Germany, .
[2] Juan Rosellón, Centro de Investigación y Docencia Económicas (CIDE) and German Institute for Economic Research (DIW Berlin). CIDE, Department of Economics, Carretera México-Toluca 3655 Col. Lomas de Santa Fe 01210 México, D.F. ; and DIW Berlin, Department of Energy, Transportation, Environment, Mohrenstraße58, 10117 Berlin. Phone +4930 897 89-497, Fax +49 30 897 89-113, .
[3] Corresponding author: Hannes Weigt, Forschungsstelle Nachhaltige Energie- und Wasserversorgung, Wirtschaftswissenschaftliche Fakultät der Universität Basel, Peter Merian-Weg 6, CH-4002 Basel, Switzerland, Tel: +41 (0)61 267 3259, Fax: +41 (0)61 267 0496, .