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 (Ofga...

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Main Author:	Juris, Andrej
Format:	Viewpoint
Language:	English
Published:	World Bank, Washington, DC 2012
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 http://hdl.handle.net/10986/11560

id	okr-10986-11560
recordtype	oai_dc
spelling	okr-10986-115602021-06-14T11:03:53Z 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 http://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 World Bank, Washington, DC Publications & Research :: Viewpoint Publications & Research Europe and Central Asia United Kingdom
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
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
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 Juris, Andrej Natural Gas Markets in the U.K. : Competition, Industry Structure, and Market Power of the Incumbent
geographic_facet	Europe and Central Asia United Kingdom
relation	Viewpoint: Public Policy for the Private Sector; Note No. 138
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.
format	Publications & Research :: Viewpoint
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	2012
url	http://documents.worldbank.org/curated/en/1998/03/693689/natural-gas-markets-uk-competition-industry-structure-market-power-incumbent http://hdl.handle.net/10986/11560
_version_	1764417175884398592

Natural Gas Markets in the U.K. : Competition, Industry Structure, and Market Power of the Incumbent

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