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Forecasting the market outcome on the Hungarian household electricity market after liberalization

According to the Directive 2003/54 EC from July 1, 2007 all electricity customers including households should be free to choose supplier. It is a question what will happen on the household market which until now was supplied by regional monopolies. In ...

(Co)Generating energy connections in Hungary

The regulation concerning the subsidization and obligatory purchase of electricity produced in cogeneration with heat or from renewable energy sources has changed in 2008. The subsidized fund ended, but was replaced with a “green fund. ” Production is now ...

Forecast of Hungarian electricity prices for 2008

Our study has two aims: first, it attempts to discover the true reason for the price increase in 2008, and second, it seeks to examine what prices could have emerged in the Hungarian market if the structure of the market had been more competitive. To ...

The impact of gas and contract release programs on the Hungarian gas market

The gas market in European Union is highly concentrated and characterized by the dominance of the former incumbents. The national competition authorities and the European Commission try to impose measures on these incumbent companies to release part of ...

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 ...

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 ...

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 ...