electricity is low and net-availability and transport capacity high. Accounting for periods of gas specific pricing is relevant … prevalent in recent years, i.e., we find no evidence of underinvestment in capacity after deregulation. … where relative prices can move between pricing-regimes; markets switch between being decoupled and integrated. Our model …

region and drives up gas and electricity prices. The firms observed to withhold pipeline capacity also own non … estimate that capacity withholding increased average gas and electricity prices by 38% and 20%, respectively, over the three … role in the US electricity generation mix. In recent years, the region's wholesale natural gas and electricity markets have …

market for natural gas, are associated with capacity constraints. Prices are determined in residual markets where the least … industry. The general expectation is that more competition will lead to lower prices and higher volumes, and hence higher …

This paper analyzes theoretically and empirically how upstream markets are affected by deregulation downstream …. Deregulation tends to increase the level of uncertainty in the upstream market. Our theoretical analysis predicts that deregulated … of the electricity market in the U.S. as our case study, we find support for our theoretical predictions. Furthermore, we …

natural gas prices will be critical, both to policy analysts and to market participants. To this end, we investigate the … potential presence of jumps in natural gas spot prices in the U. S. and in the U. K. We find compelling empirical evidence for … between the U.S. and U.K. jump probabilities may be due to oil prices, other factors play a role …

When natural gas prices are subject to periodic decoupling from oil prices, for instance due to peak-load pricing …-2014). Gas prices tend to decouple during fall and early winter, when they increase relative to oil consistent with heating …

This paper investigates the economic value of trade when prices of transportation services are endogenous to cross …-market price spreads. This is relevant for liquefied natural gas (LNG) exports. LNG transportation capacity is limited in the short … transportation costs have been endogenous to regional gas prices spreads. As such, transportation service providers have been able to …

When natural gas prices are subject to periodic decoupling from oil prices, for instance due to peak-load pricing …-2014). Gas prices tend to decouple during fall and early winter, when they increase relative to oil consistent with heating …