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Market Structure

In the energy market, market structure evaluation is of prime importance, due to the presence of monopolies (government utilities for producing electricity), increasing returns to scale, and cartels (such as OPEC), the limited available supply, and additional factors. The following projects present evaluations of market structure both in the natural gas market – at the level of production and distribution, and the electricity market in its separate demand and supply sources.

Evaluating the Market Structure between Israeli Gas, Palestinian Gas, Egyptian Gas, LNG, and Pipeline Gas from Russia

The project, performed for Noble Energy, focused on the current gas source alternatives for the Israeli market – self-supplied gas, supplies from British Gas from Palestinian gas fields, Liquefied Natural Gas supplied from Africa and other locales, and undersea pipeline gas supplied by Russia via Turkey. Each of these supply sources have a different minimal quantity and a cost, linked to different benchmarks such as previously existing agreements, market prices such as Henry Hub, and different types of infrastructure investments required to receive the gas – such as gas terminals and regasification plants. The evaluation included determining the possible equilibrium between the relevant supply and demand for changing prices and supply sources.

Survey of Natural Gas Distribution Market in Israel

Performed for Noble Energy, under subcontract to Economic Models Ltd., this project focused on estimating demands from gas distribution plants of varying sizes. The survey included possible supply sources, constraints, and estimating costs for different sized organizations.

Evaluating Market Structure of the Electricity Market in Israel

The Israel Electric Corporation (IEC), a government monopoly, is the main supplier of electricity in Israel. This project was performed for Noble Energy, under subcontract to Economic Models, to determine the current electricity market structure, was based on demand and supply (including renewable energy), and various regulations. This project represented the first ever attempt to evaluate a market structure that included a new player, the Independent Private Producers, in a market previously dominated by the IEC.


economic feasibility, economic feasibility study, transport economics, energy economics, environmental economics, economic consultant, economic consultancy, economic analysis, master plans, asset management systems, pavement management systems, economic evaluation, ranking and optimization, demand and supply assessment, demand and supply forecasting, economic modeling and research, benefit/cost analysis, economic performance indicators, development impact, investment optimization, economic models, engineering models, multi-modal analysis, forecasting tools, economic appraisal and evaluation, Pavement Management Systems, Road Management Systems, Port Management Systems, Bridge Management Systems, budget analyses, cost-benefit analyses, evaluation of transport infrastructure, market structure assessments, project planning and budget prioritization programs, prioritization, ranking, World Bank, HDM, economic impact analysis, road safety