Some economics of seasonal gas storage

Some economics of seasonal gas storage

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 estimat...

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Veröffentlicht in:Energy policy 2008-11, Vol.36 (11), p.4235-4246
Hauptverfasser: Chaton, Corinne, Creti, Anna, Villeneuve, Bertrand
Format: Artikel
Sprache:eng
Schlagworte:
Applied sciences
Economic data
Economic models
Economics
Energy
Energy economics
Energy industry
Energy policies
Energy policy
Estimates
Exact sciences and technology
Fossil fuels and derived products
Gas
Gas storage
Gas storage Energy policies US
Gasoline industry
General, economic and professional studies
Methodology. Modelling
Quantitative Finance
Seasonal fluctuations
Storage
Studies
Supply and demand
Tariff
U.S.A
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Beschreibung
Zusammenfassung: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.
ISSN:0301-4215
1873-6777
DOI:10.1016/j.enpol.2008.07.034