19-12-2018
WORKING PAPER 37: NETWORK CONNECTION SCHEMES FOR RENEWABLE ENERGY IN FRANCE: A SPATIAL ANALYSIS Click here
24-10-2018
WORKING PAPER 36: THE SOCIAL EFFICIENCY OF ELECTRICITY TRANSITION POLICIES BASED ON RENEWABLES: WHICH WAYS OF IMPROVEMENT?
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26-09-2018
WORKING PAPER 35: AN EMPIRICAL ANALYSIS OF THE BID-ASK SPREAD IN THE GERMAN POWER CONTINUOUS MARKET
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25-09-2018
WORKING PAPER 34: SYSTEM CONTRIBUTIONS OF RESIDENTIAL BATTERY SYSTEMS: NEW PERSPECTIVES ON PV SELF-CONSUMPTION
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12-09-2018
WORKING PAPER 33: ON THE EFFICIENCY OF DECENTRALIZED DECISION-MAKING IN SELF-DISPATCH POWER SYSTEMS
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25-04-2018
Energy Policy Publication: ASSESSING CROSS-BORDER INTEGRATION OF CAPACITY MECHANISMS IN COUPLED ELECTRICITY MARKETS
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24-11-2017
CONFERENCE ON PUBLIC INTERVENTION IN THE ENERGY TRANSITION: A LEGAL AND ECONOMIC PERSPECTIVE ON STATE AID POLICY
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08-11-2017
WORKING PAPER 30: SiSTEM, A MODEL FOR THE SIMULATION OF SHORT-TERM ELECTRICITY MARKETS
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24-10-2017
WORKING PAPER 29: ASSESSING CROSS-BORDER INTEGRATION OF CAPACITY MECHANISMS IN COUPLED ELECTRICITY MARKETS
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23-10-2017
CONFÉRENCE SUR LES PREMIERS MARCHÉS DE CAPACITÉ EN EUROPE – RETOUR D’EXPÉRIENCE ET ÉVOLUTIONS
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27-09-2017
CONFERENCE ON THE FUTURE OF UTILITIES: FROM BANKRUPTCY RISK TO NEW BUSINESS MODELS
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25-08-2017
WORKING PAPER 28: THE VALUE OF ELECTRIC ENERGY STORAGE IN ELECTRICITY SYSTEMS WITH HIGH SHARES OF WIND AND SOLAR PV: THE CASE OF FRANCE IN THE ENERGY TRANSITION
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27-07-2017
WORKING PAPER 27: A PROSPECTIVE ECONOMIC ASSESSMENT OF RESIDENTIAL PV SELF-CONSUMPTION WITH BATTERIES AND ITS SYSTEMIC EFFECTS, AND THE IMPLICATIONS FOR PUBLIC POLICIES: THE FRENCH CASE IN 2030
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03-05-2017
RAPPORT D’ACTIVITÉS 2012-2017
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ARBITRAGE AND STRATEGIC BEHAVIORS IN REGIONAL GAS MARKETS
Wednesday 13 April 2016, from 16h30 to 18h30
School of Mines Paris Tech
60 Boulevard Saint-Michel
75006 Paris
This seminar was held in English.
Registration can be done on the website Eventbrite:
Registration
PROGRAMME AND PRESENTATIONS
The Seminar on Research in Energy Economics at Paris-Sciences-Lettres (PSL) is jointly organized by the CERNA (MINES PARIS TECH), the CGEMP (Université Paris-Dauphine), the Chaire European Electricity Markets (Université Paris-Dauphine), and i3 (l’Institut interdisciplinaire de l’innovation), members of PSL. It is animated by François LEVEQUE (MINES PARIS TECH), Dominique FINON (Chaire European Electricity Markets, CNRS-CIRED) and Patrice GEOFFRON (Director, CGEMP, Université Paris-Dauphine).
Yuri Yegorov, Faculty of Business, Wien University
Arbitrage in natural gas markets: Drivers and constraints
Presentation
Natural gas markets are characterized by an increasing role of liquefied natural gas (LNG), spot markets, along with deregulation, liberalization and growing competition in many national markets. Rising flexibility in LNG contracts’ destination clauses combined with large spreads across locations create the impression of large arbitrage opportunities. However, technical, contractual, and market restrictions, differences in LNG qualities, capacity limits in shipping, liquefaction and re-gasification, as well as high transportation costs are important barriers for any arbitrageur. Accountings for these costs and barriers, arbitrage opportunities seem to exist in particular from the low cost US to high cost regions in Europe and Japan. Since it is difficult to be satisfied with explanations by these simple economic incentives, further explanations are needed: capacity constraint (US liquefaction plants), high investment costs at the individual level, rational expectations and US government interventions, currently and in the future.
Robert Ritz, EPRG, Cambridge University
Strategic investment, multimarket interaction and competitive advantage: An application to the natural gas industry
Presentation
This paper presents a game-theoretic analysis of multimarket competition with strategic capacity investments, motivated by recent developments in international natural gas markets. It studies the competitive implications of heterogeneity in firm structure arising from asset specificity. A single-market focus confers advantage even in the absence of superior value or cost. Lower costs and a sharper organizational focus are self-enforcing in generating competitive advantage. The paper draws out the implications for core themes in strategy: the intensity of rivalry between firms, different routes to achieve competitive advantage and their interaction, as well as the degree of value capture across different markets. This establishes a novel connection between two of Porter’s generic strategies: cost leadership and focus. The model speaks to competition between pipeline gas and liquefied natural gas (LNG) in the post Fukushima context of intensive competition on global LNG market.
For additional information, please contact the organizers:
Dominique Finon: finon@centre-cired.fr
François Lévêque: francois.leveque@ensmp.fr
Et Patrice Geoffron: patrice.geoffron@dauphine.fr
15-02-2019
CONFÉRENCE SUR LE DROIT ET L'ÉCONOMIE AU CARREFOUR DE LA TRANSITION ÉNERGÉTIQUE
13-02-2019
43RD SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
21-01-2019
CONFÉRENCE SUR LE CADRE DE RÉGULATION DES RÉSEAUX ÉLECTRIQUES :
18-12-2018
CONFERENCE ON THE ROLE OF NUCLEAR POWER IN LOW CARBON ELECTRICITY SYSTEMS
12-12-2018
42ND SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
08-11-2018
SEMINAR ON EUROPEAN ELECTRICITY AND CARBON MARKETS AFTER THE ETS REFORM
03-10-2018
41ST SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
27-09-2018
CONFÉRENCE SUR OPTIONS DE FLEXIBILISATION AU SERVICE DE LA TRANSITION ÉNERGÉTIQUE
11-06-2018
SÉMINAIRE SUR VALEUR PRIVÉE ET CONTRIBUTION SYSTÉMIQUE DE LA DEMAND RESPONSE:
30-05-2018
CONFÉRENCE SUR LE STOCKAGE DE L’ÉLECTRICITÉ – ENJEUX ET PERSPECTIVES
26-04-2018
40TH SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
13-02-2018
39TH SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
13-12-2017
38TH SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
23-10-2017
CONFÉRENCE SUR LES PREMIERS MARCHÉS DE CAPACITÉ EN EUROPE – RETOUR D’EXPÉRIENCE ET ÉVOLUTIONS
09-10-2017
37TH SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
27-09-2017
CONFERENCE ON THE FUTURE OF UTILITIES : FROM BANKRUPTCY RISK TO NEW BUSINESS MODELS
31-05-2017
36TH SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
15-03-2017
35TH SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
06-03-2017
WORKSHOP ON ELECTRICITY DEMAND: NEW MODELLING PERSPECTIVES
14-12-2016
34TH SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
13-12-2016
CEEM RESEARCH SEMINAR ON THE ISSUE OF CONSUMER PARTICIPATION IN THE ELECTRICITY MARKETS...
17-10-2016
CONFERENCE ON THE IMPACT OF ELECTRIC VEHICLES ON THE ELECTRICITY SYSTEM
13-10-2016
33RD SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
23-06-2016
CEEM RESEARCH SEMINAR ON DEMAND RESPONSE IN LIBERALIZED ELECTRICITY MARKETS
14-06-2016
CONFÉRENCE SUR PRIX PLANCHER DU CO2 ET RÉFORME DE L’EU ETS: LES IMPACTS SUR LE SECTEUR ÉLECTRIQUE
13-06-2016
32ND SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
10-05-2016
31ST SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
13-04-2016
30TH SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
12-04-2016
CEEM RESEARCH SEMINAR ON POWER MARKETS WITH HIGH SHARE OF VARIABLE RENEWABLES
16-03-2016
29TH SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
14-03-2016
WORKSHOP ON MARKET DESIGNS FOR LOW-CARBON ELECTRICITY GENERATION
17-02-2016
28TH SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
28-01-2016
CONFÉRENCE SUR LA TARIFICATION DES RÉSEAUX ÉLECTRIQUES
13-01-2016
27TH SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
12-01-2016
CONFERENCE ON ENERGY, THE MARKET AND THE LAW: A EUROPEAN DIALOGUE BETWEEN ECONOMISTS AND LAWYERS
16-12-2015
26TH SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
18-11-2015
25TH SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
09-10-2015
SPEECH BY JAN HORST KEPPLER AT IER, STUTTGART
07-10-2015
24TH SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
08-07-2015
CONFERENCE ON ELEMENTS OF A NEW TARGET MODEL FOR EUROPEAN ELECTRICITY MARKETS
10-06-2015
23RD SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
01-06-2015
WORKSHOP ON RENEWABLES AND ELECTRICITY PRICES: MODELING APPROACHES
06-05-2015
22ND SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
04-05-2015
CONFÉRENCE AUTOUR DU RAPPORT REMIS À FRANÇOIS HOLLANDE SUR ÉNERGIE, L’EUROPE EN RÉSEAUX
15-04-2015
21ST SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
26-03-2015
SEMINAR on LESSONS TO THE EUROPEAN POWER SECTOR FROM THE USA
11-03-2015
20TH SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
10-02-2015
19TH SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
12-01-2015
18TH SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
10-12-2014
17TH SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
04-11-2014
16TH SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
14-10-2014
INTERNATIONAL WORKSHOP ON CHANGING RENEWABLES SUPPORT IN THE EU ELECTRICITY MARKETS
09-10-2014
15TH SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
18-09-2014
14TH SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
09-07-2014
EUROPEAN WORKSHOP ON DRIFTING APART? COSTS, PRICES AND TARIFFS IN EU ELECTRICITY MARKETS
12-06-2014
13TH SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
03-06-2014
INTERVENTION DE JAN HORST KEPPLER AUX RENCONTRES DE L'AFDEN
15-05-2014
12TH SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
28-04-2014
EUROPEAN WORKSHOP ON ELECTRICITY PRICE FORECASTING
09-04-2014
11TH SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
03-04-2014
THE EUROPEAN ELECTRICITY SYSTEM IN CRISIS: THE WAYS FORWARD
21-03-2014
Seminar with John E. PARSONS (MIT), A DYNAMIC MODEL FOR RISK PRICING IN GENERATION INVESTMENTS
12-03-2014
10TH SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
12-02-2014
9TH SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
24-01-2014
CONFERENCE SUR QUELS MODELES ECONOMIQUES ET OUTILS DE REGULATION POUR LES SMART GRIDS?
11-12-2013
8TH SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
13-11-2013
7TH SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
24-10-2013
CONFERENCE SUR LES NOUVEAUX OUTILS DU DEVELOPPEMENT DURABLE- 24 et 25 OCTOBRE 2013
09-10-2013
6TH SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
01-10-2013
SEMINAIRE SUR L'INTÉGRATION DE LA « DEMAND-RESPONSE » SUR LES MARCHES DE L'ÉLECTRICITÉ
02-07-2013
1ERE CONFERENCE FRANCO-ALLEMANDE SUR L'ENERGIE
12-06-2013
5TH SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
06-06-2013
ELECTRICITY MARKET REGIMES BASED ON LONG TERM CONTRACTS : WHAT LESSONS FROM THE BRAZILIAN MODEL ?
30-05-2013
ENERGY TRANSITIONS IN FRANCE AND GERMANY : CONVERGENCES, DIVERGENCES AND IMPACT ON EUROPE
10-04-2013
4TH SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
26-03-2013
THE CHAIRE EUROPEAN ELECTRICITY MARKETS HONORED AT DAUPHINE RESEARCH DAY
13-03-2013
3RD SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
13-02-2013
2ND SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
31-01-2013
SYSTEM EFFECTS OF INTERMITTENT RENEWABLE ENERGIES : MEASUREMENT AND INTERNALISATION
09-01-2013
1ST SESSION OF SEMINARS ON RESEARCH IN ENERGY ECONOMICS AT PARIS-SCIENCES-LETTRES
12-10-2012
LAUNCH OF THE CHAIRE EUROPEAN ELECTRICITY MARKETS
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