Free market or rigged auctions?Uploaded: 1 of January, 2008

The smoke is still rising from the electricity auction of the Hungarian Electricity Works (Magyar Villamos Művek, MVM) which took place on October 25th. According to the first – informal – news a price of 65 €/MWh (16.3 Ft/kWh) the base load of next year, and the average wholesale price is expected to be about the same value – owing to the relative low weight of the offered peak-load products. This means a rise of approximately 16% compared to the current regulated wholesale price.

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