A shift from zonal pricing to smaller zones and nodal pricing improves efficiency and security of system operation. Resulting price changes do however also shift profits and surplus between and across generation and load. As individual actorscan lose, they might oppose any reform. We explore how...

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...

El articulo examina el establecimiento de precios maximizadores de ganancias, segun una version estilizada del plan de precios tope utilizado por la Comision Reguladora de Energia de Mexico, para efectuar el transporte y la distribucion de gas natural. En este plan, el ingreso promedio de la...