Template-Type: ReDIF-Article 1.0
Author-Name:  Monica Giulietti, Luigi Grossi, and Michael Waterson
Title:  A Rough Analysis: Valuing Gas Storage
Classification-JEL: F0
Pages:  
Volume:  Volume 33
Issue:  Number 4
Year:  2012
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. 
Handle: RePEc:aen:journl:ej33-4-06
File-URL: http://www.iaee.org/en/publications/ejarticle.aspx?id=2498
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