Table of Contents

Building Competitive Gas Markets in the EU

Building Competitive Gas Markets in the EU

Regulation, Supply and Demand

The Loyola de Palacio Series on European Energy Policy

Jean-Michel Glachant, Michelle Hallack and Miguel Vazquez

This highly unique book focuses on market design issues common to most EU gas markets, particularly in the context of closer integration. It explores in detail the characteristics and requirements of national gas markets in Europe which are constructed as virtual hubs based on entry/exit schemes as a requirement of European law.

Chapter 7: A vision for the EU gas target model: MECO-S

Jean-Michel Glachant

Subjects: economics and finance, competition policy, energy economics


The discussion on a target model for European gas network access has been going on for sometime, officially starting with the conclusion of the 18th European Gas Regulatory Forum in September 2010, which invited ‘The Commission and the regulators to explore, in close cooperation with system operators and other stakeholders, the interaction and interdependence of all relevant areas for Network Codes and to initiate a process establishing a gas market target model’. Based on this conclusion the Council of European Energy Regulators (CEER) started – by the end of 2010 – the process of developing a gas target model for Europe. The desired target model will provide a unifying vision on the future layout of the European gas market architecture. That vision will assist all stakeholders in quickly and efficiently implementing the Third Energy Package on the internal gas market in a consistent way. This chapter describes a proposal for the European gas target model with a special focus on market architectures and investment. The proposed gas target model is termed MECO-S model. The MECO-S model is a ‘Market Enabling, Connecting and Securing’ model describing an end-state of the gas market to be achieved over time.

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.

Further information