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Representing GASPEC with the World Gas Model
Egging, Ruud; Holz, Franziska; Hirschhausen, Christian … - 2008
countries, sometimes called GASPEC. We use the World Gas Model, a dynamic, strategic representation of world gas production … withhold production. The results shows that compared to a Base Case, a gas cartel would reduce total supplied quantities and … to 87% higher in Europe and North America, but non-GEC countries increase production by a mere 10%. -- Natural gas …
Persistent link: https://www.econbiz.de/10003793058
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Expertenbefragung Energiepreisabsicherung im Public Sector : eine Bestandsaufnahme bei Stadtwerken und ÖPNV-Unternehmen
Knoch, Andreas (revision) - 2009
Persistent link: https://www.econbiz.de/10003901921
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Analyse von Grenzkostenpreisen im Europäischen Gasmarkt
Lochner, Stefan; Dieckhöner, Caroline - 2008
Der An-und Verkauf von Erdgas an Großhandelsmärkten wird in einem zunehmend liberalisierten Gasmarkt auch in Kontinentaleuropa weiter an Bedeutung gewinnen. Die Preise an diesen Märkten bilden sich aus Angebot und Nachfrage; wie in jeder netzgebundenen Industrie kommt der Infrastruktur und...
Persistent link: https://www.econbiz.de/10003850498
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Modelling dependence of extreme events in energy markets using tail copulas
Jäschke, Stefan; Siburg, Karl Friedrich; Stoimenov, … - 2011
Persistent link: https://www.econbiz.de/10008841122
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Price convergence and information efficiency in German natural gas markets
Growitsch, Christian; Stronzik, Marcus; Nepal, Rabindra - 2012
In 2007, Germany changed network access regulation in the natural gas sector and introduced a so-called entry-exit system. The re-regulation's spot market effects remain to be examined. We use cointegration analysis and a state space model with time-varying coefficients to study the development...
Persistent link: https://www.econbiz.de/10009743590
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What drives natural gas prices? : a structural VAR approach
Nick, Sebastian; Thoenes, Stefan - 2013
In this study, we develop a structural vector autoregressive model (VAR) for the German natural gas market. Our setup allows us to analyze the determinants of the natural gas price in a comprehensive framework. In particular, we illustrate the usefulness of our approach by disentangling the...
Persistent link: https://www.econbiz.de/10009743746
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Price formation and intertemporal arbitrage within a low-liquidity framework : empirical evidence from European natural gas markets
Nick, Sebastian - 2013
In this study, the informational efficiency of the European natural gas market is analyzed by empirically investigating price formation and arbitrage efficiency between spot and futures markets. Econometric approaches are specified that explicitly account for nonlinearities and the low...
Persistent link: https://www.econbiz.de/10010190788
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Gas: a consultation on concerns about gas prices and possible improvements to market efficiency
2001
Persistent link: https://www.econbiz.de/10001687357
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European natural gas seasonal effects on futures hedging
Martínez, Beatriz; Torró, Hipòlit - 2015
This paper is the first to discuss the design of futures hedging strategies in European natural gas markets (NBP, TTF and Zeebrugge). A common feature of energy prices is that conditional mean and volatility are driven by seasonal trends due to weather, demand, and storage level seasonalities....
Persistent link: https://www.econbiz.de/10010479020