Like other network industries, the European gas supply industry has been liberalised, along the lines of what has been done in the United Kingdom and the United States, by opening up to competition the upstream and downstream segments of essential transmission infrastructure. The aim of this...

Die Preissteigerungen auf den Strom- und Gasmärkten haben Forderungen nach wettbewerbspolitischen Eingriffen hervorgerufen. Kann der Wettbewerb durch eine Entflechtung der Energieversorgungsunternehmen gestärkt werden? Welche Gestaltungsmöglichkeiten für dieses Instrument gibt es? Wie ist...

We propose a merchant-regulatory framework to promote investment in the European natural gas network infrastructure based on a price cap over two-part tariffs. As suggested by Vogelsang (2001) and Hogan et al. (2010), a profit maximizing network operator facing this regulatory constraint will...

The European Union has introduced directives that aim to liberalize and integrate electricity and gas markets in Western Europe. While progress has been made, particularly in electricity markets, there have been setbacks: for example, because of concerns about national interests and security of...