An Empirical Analysis of the Spanish Gas Price Structure

Cansado Bravo, Pablo and Rodríguez Monroy, Carlos (2013). An Empirical Analysis of the Spanish Gas Price Structure. In: "7th International Conference on Industrial Engineering and Industrial Management - XVII Congreso de Ingeniería de Organización", 10/07/2013 - 12/07/2013, Valladolid, España. ISBN 978 - 84 -616-5410-9. pp. 42-49.

Description

Title: An Empirical Analysis of the Spanish Gas Price Structure
Author/s:
  • Cansado Bravo, Pablo
  • Rodríguez Monroy, Carlos
Item Type: Presentation at Congress or Conference (Article)
Event Title: 7th International Conference on Industrial Engineering and Industrial Management - XVII Congreso de Ingeniería de Organización
Event Dates: 10/07/2013 - 12/07/2013
Event Location: Valladolid, España
Title of Book: Book of Proceedings of the 7th International Conference on Industrial Engineering and Industrial Management - XVII Congreso de Ingeniería de Organización
Date: 2013
ISBN: 978 - 84 -616-5410-9
Subjects:
Freetext Keywords: Natural Gas, Gas Price, Oil Indexation, CCGT, Spark Spread.
Faculty: E.T.S.I. Industriales (UPM)
Department: Ingeniería de Organización, Administración de Empresas y Estadística
Creative Commons Licenses: Recognition - No derivative works - Non commercial

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Abstract

We can say without hesitation that in energy markets a throughout data analysis is crucial when designing sophisticated models that are able to capture most of the critical market drivers. In this study we will attempt to investigate into Spanish natural gas prices structure to improve understanding of the role they play in the determination of electricity prices and decide in the future about price modelling aspects. To further understand the potential for modelling, this study will focus on the nature and characteristics of the different gas price data available. The fact that the existing gas market in Spain does not incorporate enough liquidity of trade makes it even more critical to analyze in detail available gas price data information that in the end will provide relevant information to understand how electricity prices are affected by natural gas markets. In this sense representative Spanish gas prices are typically difficult to explore given the fact that there is not a transparent gas market yet and all the gas imported in the country is negotiated and purchased by private companies at confidential terms.

More information

Item ID: 29946
DC Identifier: http://oa.upm.es/29946/
OAI Identifier: oai:oa.upm.es:29946
Official URL: http://www.cio2013.org/
Deposited by: Memoria Investigacion
Deposited on: 27 Nov 2014 17:13
Last Modified: 22 Apr 2016 00:17
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