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The Short and Long Term Impact of Europe's Natural Gas Market on Electricity Markets until 2050

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  • Jan Abrell and Hannes Weigt

Abstract

The interdependence of electricity and natural gas is becoming a major energy policy and regulatory issue in all jurisdictions around the world. The increased role of gas fired plants in renewable-based electricity markets and the dependence on natural gas imports make this issue particular important for the European energy market. In this paper we provide a comprehensive combined analysis of electricity and natural gas infrastructure with an applied focus: We analyze three different scenarios of the long-term European decarbonization pathways, and analyze the interrelation between electricity and natural gas markets on investments in the long run and spatial aspects in the short run.

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  • Jan Abrell and Hannes Weigt, 2016. "The Short and Long Term Impact of Europe's Natural Gas Market on Electricity Markets until 2050," The Energy Journal, International Association for Energy Economics, vol. 0(Sustainab).
    • Handle: RePEc:aen:journl:ej37-si3-abrell
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    Cited by:

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    3. Finn Roar Aune & Rolf Golombek, 2021. "Are Carbon Prices Redundant in the 2030 EU Climate and Energy Policy Package?," The Energy Journal, , vol. 42(3), pages 225-264, May.
    4. Jeremy Nguyen & Abbas Valadkhani & Gholamreza Hajargasht, 2021. "The Choice between Renewables and Non-renewables: Evidence from Electricity Generation in 29 Countries," The Energy Journal, , vol. 42(6), pages 49-68, November.
    5. Vitor Miguel Ribeiro & Gustavo Soutinho & Isabel Soares, 2023. "Natural Gas Prices in the Framework of European Union’s Energy Transition: Assessing Evolution and Drivers," Energies, MDPI, vol. 16(4), pages 1-46, February.
    6. Riepin, Iegor & Möbius, Thomas & Müsgens, Felix, 2021. "Modelling uncertainty in coupled electricity and gas systems—Is it worth the effort?," Applied Energy, Elsevier, vol. 285(C).
    7. Iegor Riepin & Felix Musgens, 2022. "Seasonal Flexibility in the European Natural Gas Market," The Energy Journal, , vol. 43(1), pages 117-138, January.
    8. Riepin, I. & Müsgens, F., 2019. "Seasonal Flexibility in the European Natural Gas Market," Cambridge Working Papers in Economics 1976, Faculty of Economics, University of Cambridge.

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