Giulietti, Monica, Grossi, Luigi and Waterson, Michael. (2012) A rough analysis : valuing gas storage. The Energy Journal, Vol.33 (No.4). ISSN 0195-6574

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Abstract

This paper studies the impact of a fire in 2006 which removed the possibility of access to the Rough gas storage facilities covering over 80% of total UK storage, at a time when major withdrawals from storage would have likely taken place. Implicitly, it shows the value of such gas storage facilities, in a country with relatively little storage, where we might therefore see a considerable impact. We find that the major effect on activity was through an increased sensitivity of supply to prices and an increased variance in this sensitivity, not through non-price rationing. Keywords: Gas storage, Rough fire, UK gas market, Event study analysis http://dx.doi.org/10.5547/01956574.33.4.6

Item Type:	Journal Article
Divisions:	Faculty of Social Sciences > Warwick Business School
Journal or Publication Title:	The Energy Journal
Publisher:	International Association for Energy Economics
ISSN:	0195-6574
Official Date:	2012
Volume:	Vol.33
Number:	No.4
Identification Number:	10.5547/01956574.33.4.6
Status:	Peer Reviewed
Publication Status:	Published
Access rights to Published version:	Restricted or Subscription Access
URI:	http://wrap.warwick.ac.uk/id/eprint/50882

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