Safeguarding Investments In Gas Infrastructure Informal lecture Agency for the Cooperation of Energy Regulators, ACER - By Tim Boersma

Framework of the study Comparison between regulatory regimes in the US and the EU regarding gas transmission networks Study focused on three criteria from Lisbon Treaty, i.e. efficiency, security of supply and sustainability Case studies focused on US interstate gas transport (FERC domain) and EU transmission (i.e. cases of Great Britain and Netherlands, respectively OFGEM and NMa domain)

Three themes in the working paper Relations between legislatures and regulatory authorities Regulatory tasks and infrastructure operator revenues Private and public ownership of gas infrastructure

Next steps Currently section is added in which decision making structures in both cases are analyzed. Who decides what and what can we conclude from this? Next version will be presented at workshop of Benelux Association for Energy Economics in Utrecht, Netherlands, to be held on September 29, 2012 Study is one out of three case studies to be used in dissertation

Questions and issues raised by ACER PART 1 – Status of EU regulation of gas infrastructure Current problems and envisaged theoretical solutions for better EU pipeline interconnection, whether by physical investment or market measures The way in which cross-border investment is orchestrated at the moment by the EU Establishing incentives to diversify infrastructure

Questions and issues raised by ACER PART 2 – Influence of market design on infrastructure Capacity allocation: how do you see the influence of effective entry/exit capacity allocation on an EU wide scale? Hub-to-hub products and trading as proposed in the CEER vision of a European gas target model Effects of cross-border balancing in gas