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Development of the ASTEC model for the UNDP/GEF Danube Regional Program

The management of the UNDP/GEF funded research project on municipal water and wastewater tariffs and effluent charges in seven countries of the Danube River Basin belongs to the professional experience of our colleagues at their previous job (MAKK). They ...

The interdependecy of the electricity markets of Hungary and the Balkan region

In this study, we discuss the factor most often referred to when explaining the reasons for the significant increases recently experienced in Hungarian electricity prices: the situation in the South-East European power markets and its impact on the ...

Kaleidoscope: the Hungarian electricity market in 2007

Kaleidoscope 2007 - sponsored and supported by the Hungarian Competition Authority - summarizes the most important developments regarding competition in Hungary and includes a more detailed analysis of selected sectors. REKK staff presented the article ...

Economic simulation games for educational purposes

With the support of the Competition Culture Center of the HCA, we have developed several simulation games to practice and verify the results and predictions of economic theories in the fields of industrial organization and price regulation. The ...

Regional market model for derived energy products

We build an economic model that simulates the strategic wholesale market interactions between producers of derived energy products in Central, Eastern, and South-East Europe. The model takes into account the simplified production technologies of the ...

Economic feasibility study for a biomass cogeneration power plant

The aim of our research was to answer the question whether a cogeneration biomass power plant could be built economically in Hungary or not. We carried out a detailed analysis of the principal market segments and forecast those factors that could affect ...

The technical and economic possibilities of demand side participation on the ancillary services market

In our paper we analyze the possibilities to stimulate demand side actors' participation on the domestic ancillary services market. In the first part of the paper we introduce the concept of demand side participation in providing ancillary reserves, and ...

Free market or rigged auctions?

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 ...

A brief analysis of the electricity market modell changing in 2008

This brief analysis is about the main changes in the 2008 electricity market model and about the evaluation of these on the basis of potential future developments of competition on the Hungarian electricity market. Firstly we name the minimal market ...

Forecast of electricity prices for 2008

Our study aims to answer the question: what electricity prices will be in the Hungarian wholesale and retail electricity market in 2007 and in 2008. There were several difficulties to be solved in the forecast, the most important was the determination of ...