Natural gas and electricity demand estimation in HungaryUploaded: 1 of December, 2011

In this study we carried out econometric modelling in order to identify the key drivers of electricity and gas demand in Hungary with special reference to the link between demand and GDP growth. Given the export driven nature of the present economic growth in Hungary first we established the link between economic growth on the major export markets of Hungary and the development of Hungarian GDP. Next we carried out regression modelling of electricity and gas demand both at aggregated and sub-sectoral level to analyse their relationship with GDP growth and to find other key drivers of their changes.