Development of Competitive Natural Gas Markets in the United States
The United States has the world's largest natural gas market. Fifteen years of deregulation have delivered significant gains to consumers in the form of lower prices and more services. The experience shows that liberalizing wholesale gas price...
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/1998/04/693642/development-competitive-natural-gas-markets-united-states http://hdl.handle.net/10986/11557 |
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okr-10986-115572021-06-14T11:03:24Z Development of Competitive Natural Gas Markets in the United States Juris, Andrej DEREGULATION NATURAL GAS INDUSTRY NATURAL GAS PRICES NATURAL GAS TRANSPORTATION COMPETITION (ECONOMIC) PIPELINE TRANSPORT RETAIL PRICES NATURAL GAS PIPELINES SPOT MARKET DISTRIBUTION COMPANIES DISTRIBUTION UTILITIES GAS GAS ACT GAS AND ELECTRICITY GAS COMPANIES GAS CONSUMERS GAS CONTRACTS GAS INDUSTRY GAS MARKET GAS MARKETING GAS MARKETS GAS PIPELINES GAS POLICY GAS PRICES GAS PRODUCERS GAS PRODUCTION GAS PURCHASES GAS REGULATORS GAS SALES GAS SUPPLY GAS TRADING GAS TRANSACTIONS GAS TRANSPORTATION IMPORTS NATURAL GAS NATURAL GAS INDUSTRY NATURAL GAS MARKETS NATURAL GAS PRICES NATURAL GAS SALES PIPELINE PIPELINE TRANSPORTATION PIPELINES PRICE RISK REGIONAL MARKETS SPOT MARKET SPOT MARKETS WASHING The United States has the world's largest natural gas market. Fifteen years of deregulation have delivered significant gains to consumers in the form of lower prices and more services. The experience shows that liberalizing wholesale gas prices and the bulk supply of natural gas frees market forces in segments where competition is feasible. But regulators must focus on improving the regulation of pipeline transportation and minimizing its distortive effect on competitive gas markets. Introducing flexibility into pricing and other conditions of transportaion contracts such as delivery locations or the balancing of gas shipments and standardizing pipeline operations promote more efficient use of pipelines and benefit all industry participants. The U.S. experience also shows the important role of gas marketers and spot markets in increasing the efficiency of gas transactions and prices. Deregulation of the U.S. gas industry is far from complete, however. The most important task, and the biggest challenge for regulators, remains the deregulation of retail gas markets in individual states. 2012-08-13T15:23:19Z 2012-08-13T15:23:19Z 1998-04 http://documents.worldbank.org/curated/en/1998/04/693642/development-competitive-natural-gas-markets-united-states http://hdl.handle.net/10986/11557 English Viewpoint: Public Policy for the Private Sector; Note No. 141 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Viewpoint Publications & Research United States |
| repository_type |
Digital Repository |
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Foreign Institution |
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Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
DEREGULATION NATURAL GAS INDUSTRY NATURAL GAS PRICES NATURAL GAS TRANSPORTATION COMPETITION (ECONOMIC) PIPELINE TRANSPORT RETAIL PRICES NATURAL GAS PIPELINES SPOT MARKET DISTRIBUTION COMPANIES DISTRIBUTION UTILITIES GAS GAS ACT GAS AND ELECTRICITY GAS COMPANIES GAS CONSUMERS GAS CONTRACTS GAS INDUSTRY GAS MARKET GAS MARKETING GAS MARKETS GAS PIPELINES GAS POLICY GAS PRICES GAS PRODUCERS GAS PRODUCTION GAS PURCHASES GAS REGULATORS GAS SALES GAS SUPPLY GAS TRADING GAS TRANSACTIONS GAS TRANSPORTATION IMPORTS NATURAL GAS NATURAL GAS INDUSTRY NATURAL GAS MARKETS NATURAL GAS PRICES NATURAL GAS SALES PIPELINE PIPELINE TRANSPORTATION PIPELINES PRICE RISK REGIONAL MARKETS SPOT MARKET SPOT MARKETS WASHING |
| spellingShingle |
DEREGULATION NATURAL GAS INDUSTRY NATURAL GAS PRICES NATURAL GAS TRANSPORTATION COMPETITION (ECONOMIC) PIPELINE TRANSPORT RETAIL PRICES NATURAL GAS PIPELINES SPOT MARKET DISTRIBUTION COMPANIES DISTRIBUTION UTILITIES GAS GAS ACT GAS AND ELECTRICITY GAS COMPANIES GAS CONSUMERS GAS CONTRACTS GAS INDUSTRY GAS MARKET GAS MARKETING GAS MARKETS GAS PIPELINES GAS POLICY GAS PRICES GAS PRODUCERS GAS PRODUCTION GAS PURCHASES GAS REGULATORS GAS SALES GAS SUPPLY GAS TRADING GAS TRANSACTIONS GAS TRANSPORTATION IMPORTS NATURAL GAS NATURAL GAS INDUSTRY NATURAL GAS MARKETS NATURAL GAS PRICES NATURAL GAS SALES PIPELINE PIPELINE TRANSPORTATION PIPELINES PRICE RISK REGIONAL MARKETS SPOT MARKET SPOT MARKETS WASHING Juris, Andrej Development of Competitive Natural Gas Markets in the United States |
| geographic_facet |
United States |
| relation |
Viewpoint: Public Policy for the Private Sector; Note No. 141 |
| description |
The United States has the world's
largest natural gas market. Fifteen years of deregulation
have delivered significant gains to consumers in the form of
lower prices and more services. The experience shows that
liberalizing wholesale gas prices and the bulk supply of
natural gas frees market forces in segments where
competition is feasible. But regulators must focus on
improving the regulation of pipeline transportation and
minimizing its distortive effect on competitive gas markets.
Introducing flexibility into pricing and other conditions of
transportaion contracts such as delivery locations or the
balancing of gas shipments and standardizing pipeline
operations promote more efficient use of pipelines and
benefit all industry participants. The U.S. experience also
shows the important role of gas marketers and spot markets
in increasing the efficiency of gas transactions and prices.
Deregulation of the U.S. gas industry is far from complete,
however. The most important task, and the biggest challenge
for regulators, remains the deregulation of retail gas
markets in individual states. |
| format |
Publications & Research :: Viewpoint |
| author |
Juris, Andrej |
| author_facet |
Juris, Andrej |
| author_sort |
Juris, Andrej |
| title |
Development of Competitive Natural Gas Markets in the United States |
| title_short |
Development of Competitive Natural Gas Markets in the United States |
| title_full |
Development of Competitive Natural Gas Markets in the United States |
| title_fullStr |
Development of Competitive Natural Gas Markets in the United States |
| title_full_unstemmed |
Development of Competitive Natural Gas Markets in the United States |
| title_sort |
development of competitive natural gas markets in the united states |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/1998/04/693642/development-competitive-natural-gas-markets-united-states http://hdl.handle.net/10986/11557 |
| _version_ |
1764417165669171200 |