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Real Unbundlings: The Foundation for a Competitive Gas Market in the United States

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  • J.D. Makholm

Abstract

The public policy of “unbundling†has been a prominent part of regulatory reform of the gas industry both in Europe and the United States. Two different austere unbundlings of the US gas pipeline system – one imposed rigidly by Congress in 1935, one voluntarily accepted by pipelines decades later (and later brilliantly modified by the regulator) – were prerequisites for North America’s uniquely competitive gas market that fully blossomed after 2000. This paper traces the economic and institutional roots, stretching over decades, of those US pipeline unbundling efforts and contrasts those efforts to current legislated unbundling efforts in Europe.

Suggested Citation

  • J.D. Makholm, 2011. "Real Unbundlings: The Foundation for a Competitive Gas Market in the United States," Competition and Regulation in Network Industries, Intersentia, vol. 12(4), pages 321-344, December.
    • Handle: RePEc:sen:journl:v:12:i:4:y:2011:p:321-344
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    Cited by:

    1. Diogo Lisbona Romeiro & Livia Amorim, 2022. "Waves of regulatory reforms and winds of uncertainties in the Brazilian natural gas industry," Competition and Regulation in Network Industries, , vol. 23(2), pages 153-179, June.

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