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Gas storage services and regulation in Italy: A Delphi analysis

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  • Bonacina, Monica
  • Cret, Anna
  • Sileo, Antonio

Abstract

The objective of this paper is to assess to which extent gas market inefficiencies, such as weak competition, import dependence and lack of flexibility tools, affect operation and usage of storage services in Italy in the aftermath of the EU liberalization process. The analysis is supported by the empirical results of a Delphi survey that we have conducted to investigate storage service provision and regulation in Italy. We argue that the Italian storage sector is at a crossroads. The policy-driven phase of liberalization is ending and the market-driven phase has just begun. The former phase has granted fair access to storage, narrowed the likelihood of strategic behaviour by the incumbent and secured residential users against supply disruptions, but it has proved dynamically inefficient. Cost-reflective tariffs and low penalties for unbalances have both lowered incentives to expand the range of flexibility tools and penalized industrial customers demand. The market-driven phase has just started. The expected increase in working capacity and the entry of newcomers in the authorization process for new facilities are a progress towards the commercial use of storage. To this end, however, a further change in gas market design is needed: the creation of a well functioning spot market.

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  • Bonacina, Monica & Cret, Anna & Sileo, Antonio, 2009. "Gas storage services and regulation in Italy: A Delphi analysis," Energy Policy, Elsevier, vol. 37(4), pages 1277-1288, April.
    • Handle: RePEc:eee:enepol:v:37:y:2009:i:4:p:1277-1288
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    References listed on IDEAS

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    Cited by:

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    2. Alberto Cavaliere & Valentina Giust & Mario Maggi, 2011. "Efficient Mechanisms for Access to Storage with Imperfect Competition in Gas Markets," Quaderni di Dipartimento 151, University of Pavia, Department of Economics and Quantitative Methods.
    3. Cavaliere, Alberto & Giust, Valentina & Maggi, Mario, 2013. "Efficient mechanisms for access to storage when competition in gas markets is imperfect," Energy Economics, Elsevier, vol. 36(C), pages 481-490.
    4. Elena Arce, María & Saavedra, Ángeles & Míguez, José L. & Granada, Enrique, 2015. "The use of grey-based methods in multi-criteria decision analysis for the evaluation of sustainable energy systems: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 47(C), pages 924-932.
    5. Makkonen, Mari & Pätäri, Satu & Jantunen, Ari & Viljainen, Satu, 2012. "Competition in the European electricity markets – outcomes of a Delphi study," Energy Policy, Elsevier, vol. 44(C), pages 431-440.

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