Forecasting the Hungarian wholesale gas price, electricity price and secondary reserve price until 2021Uploaded: 1 of July, 2014

The objective of this collaborative effort is to assist the mid-term (until 2021) business planning procedure of Dalkia Energia Zrt. by providing forecasts on the Hungarian gas wholesale price, electricity price, and the secondary capacity reserve price. With forecasting the Hungarian natural gas price we can predict the electricity price using the European Electricity Market Model developed by REKK. The secondary capacity reserve price is determined by the REKK capacity reserve market model. Using the latter model, we can predict the adjusted costs of different market participants, and give price forecast for the secondary reserves market for the period 2014-2021.