Estimation of losses from the use of volume units to account for natural gas for households in Ukraine
Year: 2019

The natural gas market is characterized by a significant level of deadweight losses, which are due to the inability to apply perfect competition mechanisms during pricing. However, there are other loses to economic agents that are due to the technology used in the natural gas market. We have highlighted one of such types of losses that is characteristic of natural gas markets that use volume units to account for natural gas transmitted or consumed. Consideration of natural gas as an energy commo