Field price deregulation and the carrier status of natural gas pipelines
The move to deregulate natural gas field markets is likely to stimulate changes in the regulations of the downstream segments of the industry. A system that provides greater incentives for pipelines to engage voluntarily in contract carriage is an incremental change in the current regulatory regime. The authors develop a method of analyzing the determinants of the carrier status of natural gas pipelines to help sort out the issues underlying these proposals. Basing their analysis on the notion that the different institutional constraints imposed by various regulatory regimes assign different bundles of economic functions to pipelines, they argue that an optimal regulatory configuration is one that brings about a consistent mapping of institutional and economic incentives to maximize economic welfare. 8 references.
- Research Organization:
- Resources for the Future, Washington, DC
- OSTI ID:
- 5753295
- Journal Information:
- Energy J.; (United States), Journal Name: Energy J.; (United States) Vol. 6:2; ISSN ENJOD
- Country of Publication:
- United States
- Language:
- English
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031000 -- Natural Gas-- Legislation & Regulations
032000* -- Natural Gas-- Transport
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& Storage
29 ENERGY PLANNING, POLICY, AND ECONOMY
294003 -- Energy Planning & Policy-- Natural Gas
CONSTRAINTS
DEREGULATION
ECONOMIC ANALYSIS
ECONOMICS
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
INDUSTRY
INSTITUTIONAL FACTORS
NATURAL GAS
NATURAL GAS INDUSTRY
PIPELINES
REGULATIONS
TRANSPORT