The objective of this work is to assist the mid-term (2013-17) business planning procedure of GDF Suez Energia Holding Hungary Zrt by providing quantitative and qualitative inputs for its scenario planning process.

The following tasks have been completed:

• Forecasts for those major exogenous variables affecting the wider business environment of this company: GDP evolution, exchange rate evolution, CO2 price development, European spot gas price development, oil price development
• Gas wholesale price forecasts with two alternatives: oil linked and a more market linked version
• Electricity wholesale price forecast (peak and baseload) based on REKK’s in-house regional electricity market model runs
• Forecast of aggregate and sectorial gas demand for Hungary.