Some economics of seasonal gas storage

Villeneuve, Bertrand; Creti, Anna; Chaton, Corinne

Villeneuve, Bertrand; Creti, Anna; Chaton, Corinne (2008), Some economics of seasonal gas storage, Energy Policy, 36, 11, p. 4235-4246. http://dx.doi.org/10.1016/j.enpol.2008.07.034

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Type

Article accepté pour publication ou publié

Date

2008

Journal name

Energy Policy

Volume

Number

Publisher

Elsevier

Pages

4235-4246

Abstract (EN)

We propose a model of seasonal gas markets which is flexible enough to include supply and demand shocks while also considering exhaustibility. The relative performances of alternative policies based on price caps and associated measures or tariffs are discussed. We illustrate with structural estimates on US data how this theory can be used to give insights into the intertemporal incidence of policy instruments.

Subjects / Keywords

US; Energy policies; Gas storage

JEL

Q41 - Demand and Supply; Prices
Q48 - Government Policy
Q43 - Energy and the Macroeconomy