The efficacy of liberalization and privatization in introducing competition into European natural gas markets

Opolska, Iweta

doi:10.1016/j.jup.2017.07.003

Cited by 11 publications

(5 citation statements)

References 39 publications

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“…( 5.1) would introduce an estimation bias requiring the inclusion of lagged dependent variables. In addition, including lagged dependent variables is consistent with the observed path-dependency of the restructuring process in European electricity industries and to incorporate the impact of countries' starting positions (Correljé and de Vries, 2008;Erdoglu, 2011;Opolska, 2017). Further, excluding the lagged dependent variable may result in an overestimation of the effects of reform (Hyland, 2016).…”

Section: Empirical Specificationsupporting

confidence: 52%

Economics of Hydrogen Markets

Rekker

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The publication may also be distributed here under the terms of Article 25fa of the Dutch Copyright Act, indicated by the "Taverne" license. More information can be found on the University of Groningen website: https://www.rug.nl/library/open-access/self-archiving-pure/taverneamendment.ii colleagues in particular. First, I want to thank my colleague Peter Perey. Our discussions on all sorts of research and energy-related topics in the office and during lunch and coffee breaks have contributed to completing this research. Being able to pass by and walk into your office at almost any time and to draw out new ideas on the whiteboard was very helpful. In addition, I owe thanks to Daan Hulshof for his valuable lessons and contributions as a supervisor and co-author to one of my chapters. You helped me to formulate and write down research ideas more precisely, which has improved the quality of my chapters. Moreover, I thank Floris van Montfoort for being a great office mate and travel companion. I enjoyed our visits to the IAEE European Conferences in Athens (2022) and Milan (2023), discussions on all sorts of things, playing padel and cycling home from work. Also, I want to thank Arjen Veenstra for baking formidable pies and cakes, most notably his Oranjekoek and Skyr cheesecakes, and bringing them to the office. Apart from enjoying your baking expertise, I enjoyed the occasional distractions and your presence as an office mate in the last few months of my PhD.Finally, I owe gratitude to my family members and friends for their loving support. In particular, I thank my parents who gave me the freedom to choose my own path in life and taught me to persevere in whatever I would choose to pursue. I also thank my grandma Anni for inviting me for dinner almost every week and her supportive role in all kinds of things. At last, I thank my friends Bauke, Harm-Jan, Diederick, Douwe, Jelle, Maikel, Wouter, Mats and Robin for being a great source of energy and for celebrating achievements.

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Section: Empirical Specificationsupporting

confidence: 52%

Economics of Hydrogen Markets

Rekker

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“…Τhere is extended literature on whether this is achieved -or will ever be achieved-or on the contrary, the "law of one price" between oil and gas holds. Opolska (2017) suggests that liberalization tools bring results when it comes to competition. However, they should be implemented combinedly and not on a stand-alone basis.…”

Section: Literature Reviewmentioning

confidence: 99%

Price and Volatility Spillovers Between Crude Oil and Natural Gas Markets in Europe and Japan-Korea

Perifanis

Dagoumas

2020

IJEEP

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The shale gas developments over the last two decades have challenged the gas price linkage with crude oil. The decoupling of the US wholesale gas from oil markets is mainly attributed to the rapid development of unconventional production, which formed a regional natural gas market based on regional market fundamentals. Moreover, investments in exporting facilities in the US made more quantities available to the rest of the world making global integration more plausible. This paper provides empirical evidence on the price and volatility transmission among the main European (National Balancing Point and Title Transfer Facility) and the Japan-Korean Marker (JKM) gas markets with that of Brent crude oil market, a crude oil benchmark used in Europe and Asia. The paper provides evidence that there are no price spillovers among oil and gas in European gas hubs. The European markets, contrary to the JKM market, seem to be mature enough as in the case of the US gas market. Finally, the paper provides policy recommendations on key elements for establishing functional gas hubs.

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“…Brandão, Pinho, Resende, Sarmento & Soares (2016) formális Cournot modellel mutatják be, hogy a tulajdonosi szétválasztás a fogyasztók számára magasabb árakat eredményezhet, mint a jogi szétválasztás. Opolska (2017) az európai földgázpiaci liberalizáció hatásait mérte panel ökonometriai modellekkel, elemzése szerint a liberalizációs szakpolitikák növelik a verseny mértékét. Bastianin, Castelnovo & Florio (2018) 63 ökonometriai írás metaanalízisét végzi el, melyek különböző indikátorokat (például az ETCR-indexet) használtak a különböző szabályozási reformok hatásának elemzésére a hálózatos iparágakban.…”

Section: Szakirodalmi Háttérunclassified

A magyar gázpiaci liberalizáció 15 éve

Tóth¹,

Kotek²,

Selei³

2019

Veztud

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Az első szabadpiaci fogyasztók 2004-es megjelenése óta a gázpiaci értéklánc minden szegmensében jelentős tulajdonosi, szabályozási és működésbeli változások mentek végbe, eleinte a többszereplős verseny, majd bizonyos szegmensekben az újra erősödő állami szerepvállalással együtt a növekvő koncentráció irányába. Jelen cikk hiánypótló jellegű, mivel nem készült olyan áttekintés a magyar gázpiaci fejleményekről, ami átfogóan mutatná be a 2004-es piacnyitás óta végbement változásokat. Ebben a cikkben a magyar földgázpiaci szabályozás szubjektív, fogyasztói értékelésen alapuló indexét (MPI) és a piacszerkezeti adatok alapján történő szakértői becslésre épülő indexét (ETCR) vetik össze a szerzők, majd a kis-és nagykereskedelmi piaci árak változásának vizsgálatával kiegészítve értékelik a magyar földgázpiaci szabályozás fejlődését. Kulcsszavak: Magyarország, földgázpiac, szabályozás, belépési korlát, állami tulajdon, vertikális integráció, piacszerkezet, kompozit index, nagykereskedelmi és kiskereskedelmi ár Since the opening of the natural gas market in 2004, profound changes have taken place in ownership, regulation and operation of the natural gas market. After morphing to a multi-player competition market structure, some market segments returned to strong centralisation and state control. This article enriches the literature on the developments of the Hungarian natural gas market from 2004 as no other analysis has done so far. To describe the history of the sector, the authors compare the indicator of Hungarian natural gas market regulation based on consumer experience (MPI) with the expert evaluation market structure index (ETCR) and the development of wholesale and retail prices.

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The efficacy of liberalization and privatization in introducing competition into European natural gas markets

Cited by 11 publications

References 39 publications

Economics of Hydrogen Markets

Economics of Hydrogen Markets

Price and Volatility Spillovers Between Crude Oil and Natural Gas Markets in Europe and Japan-Korea

A magyar gázpiaci liberalizáció 15 éve

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