The effects of a complex liberalisation process in local gas distribution are examined in this paper. The aim of this analysis is to emphasise the multidimensional aspects of such a reform in gas market regulation at local level.
First of all, Local Public Finance will bear strong losses due to minimisation of local public networks' remuneration and as a consequences of potential losses in local public small/medium firms. Also effective competition will be very feeble, due to strong financial barriers to entry the market. An oligopolistic scenario is probable, if not almost sure, for Gas Distribution Industry in the next few years,
as the announced reform will be implemented without any correction in Public Regulation.