Regulation and Investment in the EU natural gas sector: a panel data analysis

• Type: Article in International Conference Proceedings Book
• Date: 2012

Authors

Soares, I (Author) FEP; Magalhaes, S (Author) Other

Conference proceedings International

Title: 2012 9TH INTERNATIONAL CONFERENCE ON THE EUROPEAN ENERGY MARKET (EEM)

9th International Conference on the European Energy Market (EEM)

Florence, ITALY, MAY 10-12, 2012

Indexing

ISI Web of Knowledge - 0 Citations

Scopus - 2 Citations

Other information

Authenticus ID: P-005-K86

DOI: 10.1109/eem.2012.6254785

Abstract (EN): In this paper we evaluate the impact of regulation on the investment carried by natural gas transmission and distribution companies in the EU through a panel data of fixed effects. Our sample is composed by nine countries and twenty-three utilities for the period 2000-2009. We find that there is a significant, positive impact on the regulated companies' investment whenever cost-of-service regulation is implemented. Given the empirical evidence and the perspectives for the sector evolution, we conclude for a paradigm shift in the regulation model towards the development and the acceptance of a traditional approach that guarantees the security of supply and the expected demand growth.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 8