The gas-balancing mechanism makes up the interface between the users of the network and the transmission-system operator. The latter is responsible for the reliable and efficient operation of the network, whereas the former actually cause imbalances in the system. To deal with these imbalances...

Nowadays, the world is encountering severe challenges in the energy generation sector. Environmental issues like climate change, global warming and Green House Gases (GHGs) and also social issues like dramatic increase in global population and increasing energy demand are the main causes of...

In recent time, the concern for grid integration of wind power has been a subject of discussion in the academic community. At present, the penetration level is still moderate for most grids to accommodate. As the penetration level increases, wind power may cause additional problems to the grid...

The patchwork of different imbalance-settlement rules in geographically adjacent gas regions induces shippers to go “forum shopping” to minimize costs of ex-post balancing services. This shopping increases efficiency, and thus welfare of the shippers, on the one hand. The impact on net...

This paper investigates the development of wholesale markets for natural gas at the different stages of market liberalization. We identify three steps in the process: wholesale trade initially develops to cope with balancing needs when the shippers and suppliers segments become more fragmented;...