Book Description

This book offers the first set of quantitative analyses of the results of deregulation of the gas wellhead process coupled with partial deregulation of pipeline transportation and product storage. This complex process OCo which involves taking pipelines out of the field markets as product purchasers, and creating spot gas and pipeline space markets OCo has changed the nature and extent of services for gas at the burner tip, and the level as well as volatility of prices for these services. Using econometric tools of analysis, the authors concentrating on these changes uncover surprising findings in contrast to what regulatory reform was supposed to accomplish. Sample Chapter(s). Chapter 1: Introduction (62 KB). Contents: Quantitative Study Number One: Regional Markets for Gas Transmission Services (V Marmer & D Shapiro); Quantitative Study Number Two: Competition Among the Few in the Natural Gas Pipelines Industry After Partial Deregulation (N Moshkin); Quantitative Study Number Three: The Basis Differentials as a Measure of Performance in Partially Deregulated Pipeline Transportation Markets (P W MacAvoy); Quantitative Study Number Four: Profitability of Natural Gas Storage Resulting from Federal Deregulation (N Moshkin); Quantitative Study Number Five: Revising the Model of Gas Wellhead Prices and Quantities for Deregulation (P W MacAvoy & V Marmer). Readership: Advanced undergraduate and graduate studies in energy pricing, supply and policy. Professionals will find the book useful for methodology and findings of fact.