Regulation, Supply and Demand
The Loyola de Palacio Series on European Energy Policy
In order to bring coherence to the various forthcoming Framework Guidelines and Network Codes, European regulators have launched a consultation process to define a gas market target model. It is a non-binding architecture aiming to provide a unified vision of the future layout of the EU gas market in 2015–20. A gas target model should define the key characteristics of gas transactions and their institutional framework. However, in reality, it strongly interacts with how transmission capacity should be allocated in the medium and short terms, and how it should be built into the long term. There are, at the beginning of 2012, five target model reports published and currently discussed (Boltz, 2011). However, our book will only present details two of them, those having been conceived from within our ranks. The ‘MECO-S’ was the first gas target model published by the Florence School of Regulation, in June 2011. The model aims to be a ‘Market Enabling, Connecting and Securing (MECO-S) Model’ (see ‘A vision for the EU gas target model: the MECO-S model’, Glachant, 2011 and Chapter 7 this volume). It was the first complete set of rules and market architecture propositions to build an EU gas target model. It has been very influential in the European energy regulation community.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.