Overbidding in the non-binding AggregateEU mechanism has ambiguous effects on realized gas trade and can produce highly inefficient outcomes when combined with miscoordination over delivery points.
The EU needs to improve its external energy security
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A model-based analysis of the AggregateEU mechanism: Implications of overbidding and non-commitment
Overbidding in the non-binding AggregateEU mechanism has ambiguous effects on realized gas trade and can produce highly inefficient outcomes when combined with miscoordination over delivery points.