Publication: Regulation in New Natural Gas Markets : The Northern Ireland Experience
So far gas market liberalization has generally occurred in mature markets-particularly where much of the pipeline system has already been laid, as in Argentina, Britain, and the United States. In these cases a competitive structure is appropriate. In new markets, however, it may be difficult to introduce a competitive regime from the outset, and a different approach and form of regulation, such as a period of exclusive licenses, may be needed. In 1997 the Northern Ireland authorities awarded Phoenix Natural Gas an exclusive license for a limited period to develop a new gas market from scratch in the greater Belfast area. This Note explains the rationale for a period of exclusivity and describes Northern Ireland's approach to gas market regulation.
“Lehmann, Peter. 1999. Regulation in New Natural Gas Markets : The Northern Ireland Experience. Viewpoint: Public Policy for the Private Sector; Note No. 179. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/fb539967-0722-50c3-807d-eddcb8e420bd License: CC BY 3.0 IGO.”
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