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Wind instead of gas? What effects would 3 GW of new wind capacity have in Hungary?Uploaded: 10 of January, 2023

REKK was involved in Energiaklub's project "Wind energy for Hungary! ", where we analysed the possible effects of new wind capacities in Hungary on the electricity sector. We used our European Power Market Model (EPMM) to quantify the effects of maximum 3 ...

Policy Proposal for an Effective and Just EU-Wide Regulation to Reduce Greenhouse Gas Emissions From HouseholdsUploaded: 13 of December, 2022

As part of the European Green Deal Fit for 55 package, the European Commission has pro-posed a dedicated emissions trading scheme (ETS2) targeting greenhouse gas emissions from the buildings and transportation sectors. The goal of this study is to ...

Potentials and levels for the electrification of space heating in buildings and its effects on natural gas networksUploaded: 1 of December, 2022

REKK as a member of a major consortium assessed the effects of electrification and alternative fuels in the European building stock on the natural gas transmission networks. The consortium led by Consentec, made up of Fraunhofer ISI, TU Wien, E-think and ...

The possibilities of phasing out Russian gas in the Danube RegionUploaded: 23 of November, 2022

In the framework of this project, the short and long-term potential of the reduction of Russian gas dependency of the Danube Region as a whole and of individual countries has been analyzed. Draft results have been discussed with experts of international ...

Possibilities for phasing out Russian gas for the 2022/2023 and 2023/2024 winter from the EU energy supplyUploaded: 31 of October, 2022

The goal of the study was to follow up on the recent developments of the gas market both on the supply and demand market – and build them into the forward-looking analysis for the 2022/2023 gas year and for the 2023/2024 gas year. Based on the results of ...

Market Monitoring in UkraineUploaded: 21 of October, 2022

REKK, together with Potomac Economics completed a Market Monitoring manual for the electricity market of Ukraine, and a Market Monitoring report for the gas markets of Ukraine. This Wholesale Market Monitoring Manual (“Manual”) specified various ...

Hungarian energy price forecastUploaded: 18 of October, 2022

The aim of the project is to prepare a forecast of domestic wholesale electricity and gas prices, as well as domestic electricity balancing and imbalance settlement prices for the period 2022-2028. We set up three scenarios and, in addition to these ...

Assessment of the impacts of CBAM and carbon pricing on the electricity markets of the Energy Community Contracting PartiesUploaded: 7 of October, 2022

In July 2021 the European Commission published a proposal for the so-called Fit for 55 legislative Package, including the Regulation establishing a Carbon Border Adjustment Mechanism (CBAM). The primary purpose of the regulation is to address the risk of ...

Evaluating the business model of battery storage investment in HungaryUploaded: 7 of October, 2022

In this analysis we evaluate the business model of different types of battery storage systems on the Hungarian power market. We quantify the expected revenues from the wholesale market and the ancillary services market (using EPMM) and from the balancing ...

CACTUS research project - Strengthening central and eastern european climate targets through energy sufficiencyUploaded: 7 of July, 2022

The project investigated the possible role of energy sufficiency policies in reaching national climate goals in Hungary and Lithuania. Drawing on estimated sufficiency potentials in literature and historic consumption trends, it proposes sufficient ...