Jump to ContentJump to Main Navigation
The Natural Gas MarketSixty Years of Regulation and Deregulation$
Users without a subscription are not able to see the full content.

Paul MacAvoy

Print publication date: 2001

Print ISBN-13: 9780300083811

Published to Yale Scholarship Online: October 2013

DOI: 10.12987/yale/9780300083811.001.0001

Show Summary Details
Page of

PRINTED FROM YALE SCHOLARSHIP ONLINE (www.yale.universitypressscholarship.com). (c) Copyright Yale University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in YSO for personal use.date: 13 April 2021

Partial Deregulation and the Future Performance of Gas Markets

Partial Deregulation and the Future Performance of Gas Markets

Chapter:
(p.112) Chapter 6 Partial Deregulation and the Future Performance of Gas Markets
Source:
The Natural Gas Market
Author(s):

Paul W. MacAvoy

Publisher:
Yale University Press
DOI:10.12987/yale/9780300083811.003.0006

This chapter examines the dynamics of gas market regulation at all levels and provides insight into the future of gas industry performance without regulation. The growth and development of the gas industry will be constrained by continued Federal Energy Regulatory Commission and state agency regulation of transportation and distribution services as such regulatory practices keep prices high, limit growth, limit transportation capacity, and limit service delivery to consumers. This is substantiated in the chapter using simulations with a supply–demand model and comparison forecasts of prices, production, and reserves based on continued regulation versus assuming complete deregulation. The chapter further emphasizes that after years of regulation and partial deregulation, at low-level performance, consumers would gain from deregulation and resulting lower prices at all levels of the industry.

Keywords:   gas market regulation, supply and demand, deregulation, consumers, partial deregulation

Yale Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.