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Auctions to gas transmission access : the British experience

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dc.contributor.author McDaniel, Tanga en_US
dc.contributor.author Neuhoff, Karsten en_US
dc.contributor.other Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. en_US
dc.date.accessioned 2009-04-03T17:05:08Z
dc.date.available 2009-04-03T17:05:08Z
dc.date.issued 2002 en_US
dc.identifier 2002-007 en_US
dc.identifier.uri http://hdl.handle.net/1721.1/44988
dc.description.abstract When access to monopoly owned networks is constrained auctioning access rights can increase the efficiency of allocations relative to negotiation and grandfathering when there is sufficient competition among network users. Historically, access rights to entry capacity on the British gas network were granted by the monopoly network owner via negotiation; rights were later based on regulated tariffs with an increasing reliance on market based constraint resolution by the system operator. In 1999 an auction mechanism for allocating rights was introduced. Comparing the different allocation methods we conclude that where there is competition at entry terminals auctions have been successful with respect to anticipating spot prices, capturing producer rents and reducing the costs of alleviating network constraints. Moreover, auctions are more transparent and better facilitate entry. en_US
dc.description.sponsorship Supported by the MIT Center for Energy and Environmental Policy Research. en_US
dc.format.extent 27 p en_US
dc.publisher MIT Center for Energy and Environmental Policy Research en_US
dc.relation.ispartofseries MIT-CEEPR (Series) ; 02-007WP. en_US
dc.title Auctions to gas transmission access : the British experience en_US
dc.type Working Paper en_US
dc.identifier.oclc 52305336 en_US


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