Economic Analysis of Gas Markets

The research area "Economic Analysis of Gas Markets" uses the example of the European entry-exit system to investigate the extent to which unused network capacities can lead to efficiency losses. By modifying the system and the trading rules, multi-stage optimisation models are used to investigate how the efficient use of network capacities can be achieved, thereby keeping investment requirements in gas networks to a minimum. Different market participants and their interaction are considered.

Contact

Julia Grübel

FAU Erlangen-Nürnberg / Chair of Economic Theory

Fields of activity

  • Investigation of different allocation mechanisms of gas network capacities and assessment of their efficiency in terms of the use of pipeline capacities, based on the current entry-exit system in the European gas market.

  • Interactions between gas and electricity markets within the framework of the sustainable transformation of the energy system, in particular with regard to the temporal use of flexibility options as well as the grid-connected infrastructure.

  • Creation of realistic data instances for the modelling of the German gas market including historical supply, regional demand, gas storage and physical capacities of gas pipelines and compressors.

Competencies

  • Technical-economic modelling of the German gas market taking into account the trading capacities given in the entry-exit system and the physical limitations in grid-bound gas transport.

  • Investigation of the realisable trading capacities for different approaches of bottleneck management in the gas network.

  • Transfer of the mathematical results from Transregio 154 ("Mathematical modelling, simulation and optimisation using the example of gas networks") into practice at EnCN.

Reference projects

Research team

Christian Biefel

FAU Erlangen-Nürnberg / Professorship for Discrete Optimization in the Engineering Sciences

Dr. Jonas Egerer

FAU Erlangen-Nürnberg / Chair of Economic Theory

Prof. Dr. Veronika Grimm

FAU Erlangen-Nürnberg / Chair of Economic Theory

Julia Grübel

FAU Erlangen-Nürnberg / Chair of Economic Theory

Thomas Kleinert

FAU Erlangen-Nürnberg / Chair of Economic Theory

Prof. Dr. Frauke Liers

FAU Erlangen-Nürnberg / Professorship for Discrete Optimization in the Engineering Sciences

Prof. Dr. Alexander Martin

FAU Erlangen-Nürnberg / Chair of Economy, Discrete Optimization, Mathematics (EDOM)

Dr. Lars Schewe

FAU Erlangen-Nürnberg / Chair of Economy, Discrete Optimization, Mathematics (EDOM)

Prof. Dr. Martin Schmidt

University of Trier / Professor for Nonlinear Optimization (EnCN Fellow)

Johannes Thürauf

FAU Erlangen-Nürnberg / Chair of Economy, Discrete Optimization, Mathematics (EDOM)

Prof. Dr. Gregor Zöttl

FAU Erlangen-Nürnberg / Professorship of Economics (Industrial Organization and Energy Markets)

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