Quotation Bauer, Francisca, Bremberger, Christoph, Kunz, Friedrich. 2010. Implementation of the Hogan, Rosellón, and Vogelsang (HRV) incentive mechanism into the InTraGas model. 11. Symposium Energieinnovation, Graz, Österreich, 10.02.-12.02..


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Abstract

The European natural gas market is characterised by higher demand than available supply from own resources. Therefore Europe is a gas net-importing region. The costs of potential problems or disruptions establish the need for an environment which stimulates sufficient investments in transmission line capacities. We examine the effects of the introduction of the recently developed HRV incentive mechanism into the European natural gas market. In the simulations with GAMS we can confirm all results expected from theory. The validity of this simulation results is confirmed in a structural analysis, which comprised the variation of different exogenous input parameters. Therefore we conclude that the HRV mechanism as a regulatory regime for the European natural gas market would be an advisable alternative, which should be considered in future discussions.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Paper presented at an academic conference or symposium
Language German
Title Implementation of the Hogan, Rosellón, and Vogelsang (HRV) incentive mechanism into the InTraGas model
Event 11. Symposium Energieinnovation
Year 2010
Date 10.02.-12.02.
Country Austria
Location Graz
URL http://portal.tugraz.at/portal/page/portal/TU_Graz/Einrichtungen/Institute/Homepages/i4340/eninnov2010

Associations

People
Bremberger, Francisca (Details)
Bremberger, Christoph (Details)
External
Kunz, Friedrich (TU Dresden, Germany)
Organization
Research Institute for Regulatory Economics FI (Details)
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