Frontier Economics has identified a number of deficiencies in the current European gas market in meeting its aims of providing competition and security of supply, while also supporting environmental policy objectives. In this context Frontier has developed a vision for a new regulatory framework for the gas market that balances the objective of solving potential issues with being something that EU member states would accept.
The vision entails market rules that facilitate competition in upstream supply and gas wholesale markets and facilitate liquid gas trading in Europe, further improvements to markets for secondary trading of gas pipeline capacity, further regional harmonisation of gas network tariffs, clarity on the EC’s policy for the use of mechanisms to incentivise flexible capacity to deliver gas, improved interaction between electricity and gas networks as competing means to transport energy, and mechanisms to re-allocate costs and revenues among gas pipeline operators or Member States.
Frontier regularly advises private and public clients on issues related to the European gas regulatory framework and gas market more generally.
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