Natural Gas Markets in the U.K. : Competition, Industry Structure, and Market Power of the Incumbent
The deregulation of the U.K. natural gas industry has facilitated new entry and competition in almost all segments of the industry except pipeline transportation. The new regulatory framework, developed largely by the Office of Gas Regulation (Ofgas), has allowed market forces to stimulate a variety of specialized services and market transactions to meet customer needs. But the entire process has been difficult because of a flaw in the initial industry structure: the government privatized British Gas as a vertically integrated company. The U. K. experience shows that leaving gas supply integrated with pipeline transportation and tying up gas in long-term contracts impede competition. This Note reviews the U.K. reform and the development of new spot, on-system, and "Flexibility Mechanism" markets.
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Language: | English |
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World Bank, Washington, DC
1998-03
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Subjects: | BILATERAL CONTRACTS, GAS, GAS COMPANY, GAS CONTRACTS, GAS INDUSTRY, GAS MARKET, GAS MARKETS, GAS PIPELINE, GAS PRICES, GAS PRODUCTION, GAS REGULATION, GAS SALES, GAS SECTOR, GAS SUPPLIERS, GAS SUPPLIES, GAS SUPPLY, GAS TRADING, GAS TRANSACTIONS, GAS TRANSPORTATION, NATURAL GAS, NATURAL GAS CONTRACTS, NATURAL GAS INDUSTRY, NATURAL GAS MARKETS, NATURAL GAS SUPPLY, OIL, OIL COMPANIES, PETROLEUM, PIPELINE, PIPELINE NETWORK, PIPELINE SYSTEM, PIPELINE TRANSPORTATION, PIPELINES, SPOT MARKET, SPOT MARKETS NATURAL GAS, GAS UTILITIES, DEREGULATION, PIPELINE TRANSPORT, CONSUMER DEMAND, MARKET COMPETITION, |
Online Access: | http://documents.worldbank.org/curated/en/1998/03/693689/natural-gas-markets-uk-competition-industry-structure-market-power-incumbent https://hdl.handle.net/10986/11560 |
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dig-okr-10986115602024-08-08T18:07:20Z Natural Gas Markets in the U.K. : Competition, Industry Structure, and Market Power of the Incumbent Juris, Andrej BILATERAL CONTRACTS GAS GAS COMPANY GAS CONTRACTS GAS INDUSTRY GAS MARKET GAS MARKETS GAS PIPELINE GAS PRICES GAS PRODUCTION GAS REGULATION GAS SALES GAS SECTOR GAS SUPPLIERS GAS SUPPLIES GAS SUPPLY GAS TRADING GAS TRANSACTIONS GAS TRANSPORTATION NATURAL GAS NATURAL GAS CONTRACTS NATURAL GAS INDUSTRY NATURAL GAS MARKETS NATURAL GAS SUPPLY OIL OIL COMPANIES PETROLEUM PIPELINE PIPELINE NETWORK PIPELINE SYSTEM PIPELINE TRANSPORTATION PIPELINES SPOT MARKET SPOT MARKETS NATURAL GAS GAS UTILITIES DEREGULATION PIPELINES PIPELINE TRANSPORT CONSUMER DEMAND MARKET COMPETITION The deregulation of the U.K. natural gas industry has facilitated new entry and competition in almost all segments of the industry except pipeline transportation. The new regulatory framework, developed largely by the Office of Gas Regulation (Ofgas), has allowed market forces to stimulate a variety of specialized services and market transactions to meet customer needs. But the entire process has been difficult because of a flaw in the initial industry structure: the government privatized British Gas as a vertically integrated company. The U. K. experience shows that leaving gas supply integrated with pipeline transportation and tying up gas in long-term contracts impede competition. This Note reviews the U.K. reform and the development of new spot, on-system, and "Flexibility Mechanism" markets. 2012-08-13T15:23:49Z 2012-08-13T15:23:49Z 1998-03 http://documents.worldbank.org/curated/en/1998/03/693689/natural-gas-markets-uk-competition-industry-structure-market-power-incumbent https://hdl.handle.net/10986/11560 English Viewpoint: Public Policy for the Private Sector; Note No. 138 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank application/pdf text/plain World Bank, Washington, DC |
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topic |
BILATERAL CONTRACTS GAS GAS COMPANY GAS CONTRACTS GAS INDUSTRY GAS MARKET GAS MARKETS GAS PIPELINE GAS PRICES GAS PRODUCTION GAS REGULATION GAS SALES GAS SECTOR GAS SUPPLIERS GAS SUPPLIES GAS SUPPLY GAS TRADING GAS TRANSACTIONS GAS TRANSPORTATION NATURAL GAS NATURAL GAS CONTRACTS NATURAL GAS INDUSTRY NATURAL GAS MARKETS NATURAL GAS SUPPLY OIL OIL COMPANIES PETROLEUM PIPELINE PIPELINE NETWORK PIPELINE SYSTEM PIPELINE TRANSPORTATION PIPELINES SPOT MARKET SPOT MARKETS NATURAL GAS GAS UTILITIES DEREGULATION PIPELINES PIPELINE TRANSPORT CONSUMER DEMAND MARKET COMPETITION BILATERAL CONTRACTS GAS GAS COMPANY GAS CONTRACTS GAS INDUSTRY GAS MARKET GAS MARKETS GAS PIPELINE GAS PRICES GAS PRODUCTION GAS REGULATION GAS SALES GAS SECTOR GAS SUPPLIERS GAS SUPPLIES GAS SUPPLY GAS TRADING GAS TRANSACTIONS GAS TRANSPORTATION NATURAL GAS NATURAL GAS CONTRACTS NATURAL GAS INDUSTRY NATURAL GAS MARKETS NATURAL GAS SUPPLY OIL OIL COMPANIES PETROLEUM PIPELINE PIPELINE NETWORK PIPELINE SYSTEM PIPELINE TRANSPORTATION PIPELINES SPOT MARKET SPOT MARKETS NATURAL GAS GAS UTILITIES DEREGULATION PIPELINES PIPELINE TRANSPORT CONSUMER DEMAND MARKET COMPETITION |
spellingShingle |
BILATERAL CONTRACTS GAS GAS COMPANY GAS CONTRACTS GAS INDUSTRY GAS MARKET GAS MARKETS GAS PIPELINE GAS PRICES GAS PRODUCTION GAS REGULATION GAS SALES GAS SECTOR GAS SUPPLIERS GAS SUPPLIES GAS SUPPLY GAS TRADING GAS TRANSACTIONS GAS TRANSPORTATION NATURAL GAS NATURAL GAS CONTRACTS NATURAL GAS INDUSTRY NATURAL GAS MARKETS NATURAL GAS SUPPLY OIL OIL COMPANIES PETROLEUM PIPELINE PIPELINE NETWORK PIPELINE SYSTEM PIPELINE TRANSPORTATION PIPELINES SPOT MARKET SPOT MARKETS NATURAL GAS GAS UTILITIES DEREGULATION PIPELINES PIPELINE TRANSPORT CONSUMER DEMAND MARKET COMPETITION BILATERAL CONTRACTS GAS GAS COMPANY GAS CONTRACTS GAS INDUSTRY GAS MARKET GAS MARKETS GAS PIPELINE GAS PRICES GAS PRODUCTION GAS REGULATION GAS SALES GAS SECTOR GAS SUPPLIERS GAS SUPPLIES GAS SUPPLY GAS TRADING GAS TRANSACTIONS GAS TRANSPORTATION NATURAL GAS NATURAL GAS CONTRACTS NATURAL GAS INDUSTRY NATURAL GAS MARKETS NATURAL GAS SUPPLY OIL OIL COMPANIES PETROLEUM PIPELINE PIPELINE NETWORK PIPELINE SYSTEM PIPELINE TRANSPORTATION PIPELINES SPOT MARKET SPOT MARKETS NATURAL GAS GAS UTILITIES DEREGULATION PIPELINES PIPELINE TRANSPORT CONSUMER DEMAND MARKET COMPETITION Juris, Andrej Natural Gas Markets in the U.K. : Competition, Industry Structure, and Market Power of the Incumbent |
description |
The deregulation of the U.K. natural gas
industry has facilitated new entry and competition in almost
all segments of the industry except pipeline transportation.
The new regulatory framework, developed largely by the
Office of Gas Regulation (Ofgas), has allowed market forces
to stimulate a variety of specialized services and market
transactions to meet customer needs. But the entire process
has been difficult because of a flaw in the initial industry
structure: the government privatized British Gas as a
vertically integrated company. The U. K. experience shows
that leaving gas supply integrated with pipeline
transportation and tying up gas in long-term contracts
impede competition. This Note reviews the U.K. reform and
the development of new spot, on-system, and
"Flexibility Mechanism" markets. |
topic_facet |
BILATERAL CONTRACTS GAS GAS COMPANY GAS CONTRACTS GAS INDUSTRY GAS MARKET GAS MARKETS GAS PIPELINE GAS PRICES GAS PRODUCTION GAS REGULATION GAS SALES GAS SECTOR GAS SUPPLIERS GAS SUPPLIES GAS SUPPLY GAS TRADING GAS TRANSACTIONS GAS TRANSPORTATION NATURAL GAS NATURAL GAS CONTRACTS NATURAL GAS INDUSTRY NATURAL GAS MARKETS NATURAL GAS SUPPLY OIL OIL COMPANIES PETROLEUM PIPELINE PIPELINE NETWORK PIPELINE SYSTEM PIPELINE TRANSPORTATION PIPELINES SPOT MARKET SPOT MARKETS NATURAL GAS GAS UTILITIES DEREGULATION PIPELINES PIPELINE TRANSPORT CONSUMER DEMAND MARKET COMPETITION |
author |
Juris, Andrej |
author_facet |
Juris, Andrej |
author_sort |
Juris, Andrej |
title |
Natural Gas Markets in the U.K. : Competition, Industry Structure, and Market Power of the Incumbent |
title_short |
Natural Gas Markets in the U.K. : Competition, Industry Structure, and Market Power of the Incumbent |
title_full |
Natural Gas Markets in the U.K. : Competition, Industry Structure, and Market Power of the Incumbent |
title_fullStr |
Natural Gas Markets in the U.K. : Competition, Industry Structure, and Market Power of the Incumbent |
title_full_unstemmed |
Natural Gas Markets in the U.K. : Competition, Industry Structure, and Market Power of the Incumbent |
title_sort |
natural gas markets in the u.k. : competition, industry structure, and market power of the incumbent |
publisher |
World Bank, Washington, DC |
publishDate |
1998-03 |
url |
http://documents.worldbank.org/curated/en/1998/03/693689/natural-gas-markets-uk-competition-industry-structure-market-power-incumbent https://hdl.handle.net/10986/11560 |
work_keys_str_mv |
AT jurisandrej naturalgasmarketsintheukcompetitionindustrystructureandmarketpoweroftheincumbent |
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1807160544327630848 |