On April 23 2009, TILEC will organize an Energy Economics Policy Seminar in The Hague, in cooperation with the Netherlands Bureau for Economic Policy Analysis (CPB), the Dutch Ministry of Economic Affairs, and the Dutch competition authority (NMa). As the process of liberalizing gas markets started about a decade ago in continental Europe, and about two decades ago in the U.K. and the US, it is now time to assess the results. Christoph Riechmann (Frontier Economics) will discuss the factors driving gas prices, such as scarcity, resource rents, market power and the relationship with oil prices. He will also address the relationship between different geographic market platforms for gas such as TTF and NBP and between spot and bilateral contract markets for gas. Christian von Hirschhausen (TU Berlin and DIW) will discuss whether liberalization has improved the efficiency of investments in transportation and storage infrastructure or whether it has, one way or another, created new obstacles. Using evidence from the U.S. and the E.U. he will draw lessons for the future. Attendance to the seminar is free but advance registration is required.
Mar 30, 2009
Assessing gas market liberalization
On April 23 2009, TILEC will organize an Energy Economics Policy Seminar in The Hague, in cooperation with the Netherlands Bureau for Economic Policy Analysis (CPB), the Dutch Ministry of Economic Affairs, and the Dutch competition authority (NMa). As the process of liberalizing gas markets started about a decade ago in continental Europe, and about two decades ago in the U.K. and the US, it is now time to assess the results. Christoph Riechmann (Frontier Economics) will discuss the factors driving gas prices, such as scarcity, resource rents, market power and the relationship with oil prices. He will also address the relationship between different geographic market platforms for gas such as TTF and NBP and between spot and bilateral contract markets for gas. Christian von Hirschhausen (TU Berlin and DIW) will discuss whether liberalization has improved the efficiency of investments in transportation and storage infrastructure or whether it has, one way or another, created new obstacles. Using evidence from the U.S. and the E.U. he will draw lessons for the future. Attendance to the seminar is free but advance registration is required.