Actualités récentes

12-09-2018
WORKING PAPER 33: ON THE EFFICIENCY OF DECENTRALIZED DECISION-MAKING IN SELF-DISPATCH POWER SYSTEMS Click here

25-04-2018
Energy Policy Publication: ASSESSING CROSS-BORDER INTEGRATION OF CAPACITY MECHANISMS IN COUPLED ELECTRICITY MARKETS Click here

24-11-2017
CONFERENCE ON PUBLIC INTERVENTION IN THE ENERGY TRANSITION: A LEGAL AND ECONOMIC PERSPECTIVE ON STATE AID POLICY Programme here

08-11-2017
WORKING PAPER 30: SiSTEM, A MODEL FOR THE SIMULATION OF SHORT-TERM ELECTRICITY MARKETS Click here

24-10-2017
WORKING PAPER 29: ASSESSING CROSS-BORDER INTEGRATION OF CAPACITY MECHANISMS IN COUPLED ELECTRICITY MARKETS Click here

23-10-2017
CONFÉRENCE SUR LES PREMIERS MARCHÉS DE CAPACITÉ EN EUROPE – RETOUR D’EXPÉRIENCE ET ÉVOLUTIONS Click here

27-09-2017
CONFERENCE ON THE FUTURE OF UTILITIES: FROM BANKRUPTCY RISK TO NEW BUSINESS MODELS Click here

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 Click here

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 Click here

03-05-2017
RAPPORT D’ACTIVITÉS 2012-2017 Click here

03-05-2017
CEEM ACTIVITY REPORT 2012-2017 Click here

19-04-2017
Energy Policy Publication: RATIONALES FOR CAPACITY REMUNERATION MECHANISMS: SECURITY OF SUPPLY EXTERNALITIES AND ASYMMETRIC INVESTMENT INCENTIVES Click here

10-04-2017
Energy Policy SPECIAL SECTION: TOWARDS HYBRID MARKET REGIMES IN THE POWER SECTOR Click here

10-04-2017
Energy Policy Publication: ADAPTING ELECTRICITY MARKETS TO DECARBONISATION AND SECURITY OF SUPPLY OBJECTIVES: TOWARD A HYBRID REGIME? Click here

+ Plus de news

>> Toutes les actualités

30ÈME SÉANCE DU SÉMINAIRE DE RECHERCHES EN ÉCONOMIE DE L’ÉNERGIE DE PARIS-SCIENCES-LETTRES

ARBITRAGE AND STRATEGIC BEHAVIORS IN REGIONAL GAS MARKETS

Mercredi 13 Avril 2016, de 16h30 à 18h30
École Mines Paris Tech
60 Boulevard Saint-Michel
75006 Paris

This seminar was held in English.

Registration can be done on the website Eventbrite:
Inscription

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
Présentation
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
Présentation
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.

Pour toute information complémentaire, veuillez prendre contact avec les organisateurs:
Dominique Finon: finon@centre-cired.fr
François Lévêque: francois.leveque@ensmp.fr
Et Patrice Geoffron: patrice.geoffron@dauphine.fr