Transmission Capacity as a Common-Pool Resource: The Case of Gas Interconnector Capacity.

We investigated the very real problem of congestion at gas interconnectors. Instead of suggesting further incremental change to the European regulation in force to remedy congestion problems, we took a step back and consider gas interconnectors as a Common-Pool Resource (CPR). We suggest to wait and see what institutions the shippers let emerge to govern and manage interconnector capacity. To explore this idea, we developed a model to simulate the possible emergence of institutions that would coordinate the shippers and help overcome congestion. We simulate 40 shippers at the Dutch and Belgian interconnectors and allow them to autonomously book capacity. Agents can learn over time to improve their behaviour and coordinate with each other to collectively define a new institution in the system. The main simulator indicators are the observed booking behaviour, agent profits and emerging institutions. We present and discuss preliminary results from a set of simulation runs