Séminaire de Recherches en Economie de l’Energie

Informations sur l'événement

Partager cet événement

Date et heure

Adresse

Adresse

Université Paris-Dauphine

Place du Maréchal de Lattre de Tassigny

Salle A 709

75016 Paris

France

Afficher la carte

Description de l'événement

Description


Economie et régulation des infrastructures gazières

43 ème Séance du Séminaire de Recherches en Economie de l’Energie

Olivier Massol (IFPEN)

"The technology and cost structure of a natural gas pipeline: Insights for costs and rate-of-return regulation » (papier commun avec Florian Perrotton, Utilities Policy, 2018)

« This note details a complete microeconomic characterization of the physical relationships between input use and the level of output of a simple point-to-point gas pipeline system and uses it to contribute to the public policy discussions pertaining to the economic regulation of natural gas pipelines. We show that the engineering equations governing the design and operations of that infrastructure can be approximated by a single production equation of the Cobb-Douglas type. We use that result to inform three public policy debates. First, we prove that the long-run cost function of the infrastructure formally verifies the condition for a natural monopoly, thereby justifying the need of regulatory intervention in that industry. Second, we examine the conditions for cost-recovery in the short-run and contribute to the emerging European discussions on the implementation of short-run marginal cost pricing on interconnector pipelines. Lastly, we analyze the performance of rate-of-return regulation in that industry and inform the regulatory policy debates on the selection of an appropriate authorized rate of return. We highlight that, contrary to popular belief, the socially desirable rate of return can be larger than the market price of capital for that industry »

Jann T. Keller (University of Groningen)

Mergers of Germany's natural gas market areas: Is transmission capacity booked efficiently? (papier commun avec G.H.Kuper et M.Mulder, Utilities Policy, 2019).

« In the past, networks of natural gas transmission system operators (TSOs) determined the gas market areas in the European Union. However, gas markets mergers introduce the possibility to book the transmission capacity of alternative TSOs. One necessary condition for competition among TSOs is the absence of restrictions in capacity booking. This paper analyses whether this holds for Germany. As German TSOs distinguish a number of capacity types to deal with network constraints, market mergers have created transport alternatives for only 32% of cross-border capacity products. In almost all cases, we find that gas transmission network users make efficient booking decisions. »

La séance du séminaire se tiendra en français et en anglais

Date et heure

Adresse

Université Paris-Dauphine

Place du Maréchal de Lattre de Tassigny

Salle A 709

75016 Paris

France

Afficher la carte

Sauvegarder cet événement

Événement sauvegardé