European gas market faces price hikes and supply risks from disruptions.
The article examines how disruptions in gas supply affect gas retailer behavior and prices in Europe. The researchers use a model to analyze the impact of supply disruptions on gas trade in Western Europe. They focus on the German and Bulgarian gas markets to understand how retailers make supply choices and the necessity of market regulation in case of high disruption risks. The study suggests that disruptions in gas supply can have significant effects on gas trade and highlight the importance of regulating the market to ensure stable supply.