Asche, Frank; Oglend, Atle; Osmundsen, Petter - CESifo - 2013
the time of the year. Most of the reversion back to oil occurs in spring and summer when demand for gas to heating and … electricity is low and net-availability and transport capacity high. Accounting for periods of gas specific pricing is relevant … prevalent in recent years, i.e., we find no evidence of underinvestment in capacity after deregulation. …