Price discovery in European natural gas markets

Schultz, Emma; Swieringa, John

doi:10.1016/j.enpol.2013.06.080

Cited by 22 publications

(7 citation statements)

References 19 publications

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“…Results on Schultz and Swieringa (2013) show that ICE prompt leads in the short and long run to equilibrium in the European natural gas market. This result envisages that cross-hedging between European markets using the NBP futures as the main hedging instrument could offer a good performance.…”

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confidence: 99%

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European natural gas seasonal effects on futures hedging

Martínez

Torró

2015

Energy Economics

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confidence: 99%

“…Schultz and Swieringa (2013) have studied price discovery in European gas markets using intraday data for futures and spot prices (NBP, ZEE and TTF). NBP spot in the short run and its futures prompt traded in the ICE in the short and long run are leading the equilibrium.…”

Section: Introductionmentioning

confidence: 99%

European natural gas seasonal effects on futures hedging

Martínez

Torró

2015

Energy Economics

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“…4 For example, Siliverstovs et al (2005) suggest that until the beginning of 2004 transatlantic gas markets were not integrated. Using intraday data, Schultz and Swieringa (2013) analyze price discovery in the gas markets of the UK, Belgium and the Netherlands and demonstrate that UK natural gas futures make the greatest contribution to price equilibrium in the longer term. Bunn and Gianfreda (2010) find integration in both spot and forward power markets of France, Germany, Great Britain, the Netherlands and Spain, although, surprisingly, rather less in forward than in spot markets.…”

Section: Literature Reviewmentioning

confidence: 99%

Volatility Spillovers in Energy Markets

Chuliá¹,

Furió²,

Uribe³

2019

The Energy Journal

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We investigate the extent and evolution of the links between energy markets using a broad data set consisting of a total of 17 series of prices for commodities such as electricity, natural gas, coal, oil and carbon. The results shed light on a number of relevant issues such as the volatility spillover effect in energy markets (within and across sectors) and the identification of those markets that are exporters (importers) of volatility to (from) other markets, as well as evidence of the time-varying nature of these effects. The main conclusions are: (i) the most integrated European electricity markets appear to be those of Germany, France and the Netherlands; (ii) the Dutch Title Transfer Facility might be on the way to becoming the benchmark price for natural gas in Europe, and (iii) natural gas may be replacing crude oil as the global benchmark price for energy commodities.

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“…Urban energy consumption accounts for two thirds of the total global energy consumption, and carbon emissions mainly come from cities. Yet, urban development connotes modern social progress (van Ruijven and van Vuuren, 2009;Emma and John, 2013). By 2030, it is predicted that 76% of the world's CO 2 emissions from energy consumption will come from cities (Ji et al, 2014).…”

Section: Introductionmentioning

confidence: 99%

Strategic Research on the Urban Natural Gas Energy System Under the Path to Ecological Civilization: Fuyang City Case Study

Hao

Xia

2020

Front. Energy Res.

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To help meet the strategic development needs of urban energy systems today and reduce carbon emissions, natural gas can play a pivotal transition role, especially in a country such as China, which has relied very heavily on coal for decades. Though making significant progress toward the maximum possible use of clean, renewable forms of energy, such as hydro, thermal, solar, and wind power, it will take a long time before China can completely abandon the use of fossil fuels. In this paper, using Fuyang City in Anhui Province as a case study, a four-dimensional differential equation model, based on the consumption, price, economic growth, and "ecological civilization construction" of natural gas energy, is developed, which incorporates concepts and calculations of natural gas energy intensity, "natural gas ecological civilization intensity," and "economic ecological civilization intensity." It is the first attempt ever made to quantify the construction of urban ecological civilization and discuss the evolutionary relationship among the internal variables of the system. Regression analysis, data fitting, neural network, and other methods are used to confirm the parameters of the system model. Through Matlab simulation of each variable and using an evolution map, a quantitative understanding of the role of natural gas is generated. The research findings reveal that paying attention to the environmental aspects of energy consumption is beneficial to economic growth. The paper concludes that, at present, the best ways for China to reduce its carbon emissions are to implement a market price and peak-valley prices for natural gas, improve the tiered price mechanism, appropriately reduce the economic growth rate, continue to adjust the industrial structure away from heavy industry, and scientifically manage the natural gas energy system. These reforms are of great practical significance in working toward a sustainable development path for the city.

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Price discovery in European natural gas markets

Cited by 22 publications

References 19 publications

European natural gas seasonal effects on futures hedging

European natural gas seasonal effects on futures hedging

Volatility Spillovers in Energy Markets

Strategic Research on the Urban Natural Gas Energy System Under the Path to Ecological Civilization: Fuyang City Case Study

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