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Model of the gas balancing regime

An agent-based model of the balancing regime of the natural gas in the Netherlands 

Comparision between the old and new balancing regime of the natural gas market in the Netherlands

An agent-based model allows the exploration of the functioning of the new balancing regime of the natural gas market in the Netherlands. The operation of the new regime is simulated to determine the total imbalance of the gas system, the participants cash flows and the price emerging in the balancing market.

Calculating the progression of these variables allows for an ex-ante assessment of the efficiency of the incentive scheme proposed by the new balancing regime and its social cost. The model identifies the consequences of the balancing regime. 

Contact

Gerard Dijkema (University of Groningen)