EU Gas Industry Reforms and Consumers' Prices

Rinaldo Brau, Raffaele Doronzo, Carlo V. Fiorio, Massimo Florio
2010 Energy Journal  
This paper offers an empirical analysis of the impact of reforms in the natural gas industry on consumer prices across the EU-15 area. After briefly reviewing the key features of the industry and the most recent reforms, we study the relationship between regulatory indicators and price dynamics by means of panel data econometrics. Our findings suggest that so far there is limited evidence of beneficial effects for European consumers from the standard package of gas industry reforms. Brent oil
more » ... eforms. Brent oil price, country specific factors and price inertia are still important factors for understanding consumers' prices dynamic.
doi:10.5547/issn0195-6574-ej-vol31-no4-8 fatcat:y2ed2xuf3fdbzc2dvsbuh2ypdy