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Consumer Prices of Natural Gas in Europe

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  • Yuli Radev

Abstract

Some theoretical and practical approaches to setting consumer prices of natural gas in the European Union, the requirements for an effective tariff system and the state of tariffs in Central and Eastern Europe (CEE) are presented. The main conclusions are that there is no universal pricing methodology with respect to natural gas, rather, each country develops its own approach to pricing; in order for the pricing mechanism of the CEE to be successfully reformed, it is necessary to apply the economic efficiency criteria systematically and purposefully.

Suggested Citation

  • Yuli Radev, 2003. "Consumer Prices of Natural Gas in Europe," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 66-84.
    • Handle: RePEc:bas:econth:y:2003:i:6:p:66-84
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    Cited by:

    1. Hainaut, Donatien, 2019. "Hedging of crop harvest with derivatives on temperature," Insurance: Mathematics and Economics, Elsevier, vol. 84(C), pages 98-114.
    2. Frank Smets, 2005. "Monetary policy and imperfect knowledge," Research Bulletin, European Central Bank, vol. 2, pages 2-5.

    More about this item

    JEL classification:

    • L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels
    • L95 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Gas Utilities; Pipelines; Water Utilities

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