In an upcoming article in the December issue of the Wiley journal, Natural Gas & Electricity, NERA Managing Director Dr. Jeff D. Makholm examines challenges that arise when natural gas and electricity markets intersect. Dr. Makholm compares experiences around the world where the intersection of those two markets creates regulatory problems. He cites examples of where a “one-size-fits-all” approach to such market intersections has worked poorly, from Australia to the EU. Dr. Makholm also examines the intersection of gas and electricity markets in the US (specifically in New England), where gas and electricity regulations have evolved independently of one another. He concludes that whether dealing with “one-size-fits-all” regulation or two sets of finely crafted sets of rules, the intersection of gas and electricity markets remains a difficult subject.

Makholm, Jeff D. (2016, December). When Worlds Collide: Universal Challenges in Natural Gas and Electricity Markets. Natural Gas & Electricity 33/5, ©2016 Wiley Periodicals, Inc., a Wiley company.