气候变化领域集成服务门户(CCPortal): What can the EU do to address the high natural gas prices?

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DOI	10.1016/j.enpol.2022.113312
	What can the EU do to address the high natural gas prices?
	Kotek, Peter; Selei, Adrienn; Toth, Borbala Takacsne; Felsmann, Balazs
发表日期	2023
ISSN	0301-4215
EISSN	1873-6777
卷号	173 页码:21
英文摘要	Natural gas prices worldwide increased on the back of the COVID economic recovery in 2021. European prices skyrocketed when the dominant external supplier, Gazprom, started to withhold supplies in Q4 2021. This analysis uses market modelling to assess and compare the effectiveness of various measures to mitigate the gas - and by extension energy - price crisis in the short and longer term. First, the realization of the 5th PCI package adopted by the European Commission in November 2021 would significantly reduce EU prices, especially in the Eastern Member States that tend to be more dependent on the single external supplier. At the same time, the billions of euros that would be poured in risk becoming stranded assets in the long-term with tightening climate regulations. Secondly, uniform voluntary demand response has significant potential to reduce prices, especially in the Eastern Member States. Thirdly, the introduction of European strategic gas reserves can bring temporary price relief but is not a cost-efficient solution. However, security of supply considerations can outweigh the negative economic outcomes.
英文关键词	Gas markets; Modelling; Strategic storage; Russian gas supply
学科领域	Economics; Energy & Fuels; Environmental Sciences; Environmental Studies
语种	英语
WOS研究方向	Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology
WOS记录号	WOS:000897044200005
来源期刊	ENERGY POLICY
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/272364
作者单位	Corvinus University Budapest
推荐引用方式 GB/T 7714	Kotek, Peter,Selei, Adrienn,Toth, Borbala Takacsne,et al. What can the EU do to address the high natural gas prices?[J],2023,173:21.
APA	Kotek, Peter,Selei, Adrienn,Toth, Borbala Takacsne,&Felsmann, Balazs.(2023).What can the EU do to address the high natural gas prices?.ENERGY POLICY,173,21.
MLA	Kotek, Peter,et al."What can the EU do to address the high natural gas prices?".ENERGY POLICY 173(2023):21.