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The Polluter Profits Principle: A Note on the Grandfathering of CO2 Emissions Rights in Lax-Cap Trading RegimesUploaded: 1 of January, 2006

Grandfathering is currently the main principle for the initial allocation of tradable CO2 emission rights under the European cap-and-trade scheme. Furthermore, political feasibility often requires non-restrictive emission caps. Grandfathering under lax ...

Models of opening up the electricity market: a comparative analysisUploaded: 1 of January, 2006

REKK has conducted a seminar series for the Association of Hungarian Electricity Trade Companies on the various models for the opening up of the electricity market. The prepared study summarizes the outcome focusing on the following issues: the supply ...

Options for restructuring the hungarian electricity balancing marketUploaded: 1 of January, 2006

The aim of the research was to identify restructuring options of the balancing market operated by the Hungarian Transmission System Operator Company Ltd. that are viable and would fit the liberalized market environment. The study includes the summary of ...

Background study for the auctioning of CO2 allowances owned by the Hungarian stateUploaded: 1 of January, 2006

In the framework of the EU ETS the Hungarian Government auctions 2. 5% of the total CO2 allowances set for the 2005-2007 period. The National Allocation Plan approved by the European Commission thus provides for the auctioning of 2 340 000 tons of CO2 ...

Economic and environmental analysis of district heating prices in HungaryUploaded: 1 of January, 2005

The main goal of the study was to examine the residential charges of Hungarian district heating supply, and to make a proposal on the reduction of these charges and the cutback of its competitve disadvantage. The study includes a catalogue of district ...

Hungarian Energy Office general consulting agreement 2005Uploaded: 1 of January, 2005

A megállapodásban szereplő témák: a földgáz költség-felülvizsgálat kapcsán javaslat kidolgozása egy hőmérséklet-függő dinamikus földgáz árszabályozási mechanizmus kialakítására, a CO2 kvóták létesítményszintű végső magyar allokációjának és várható ...

Designing a market monitoring systemUploaded: 1 of January, 2005

The study helps the System Operator Company to create a market monitoring system - corresponding to the legal obligations and the meeting the challenges of the current economic reality - that adequately reflects the ongoing market changes in the ...

Government tasks and impact study regarding CO2 emission trading in HungaryUploaded: 1 of January, 2005

Two studies were prepared on the governmental tasks and incurring budget effects of the EU CO2 emissions trading system. The first study introduces the theoretical basics of emissions trading, the main economic foundations, the assessment of the ...

Expert opinion on the state of competition in the Hungarian electricity sectorUploaded: 1 of January, 2005

Commissioned by: Hungarian Competition Authority

Managing new entrants in the emission trading system of the EUImpact study on the free allocation of CO2 emission rightsUploaded: 1 of January, 2004

The study analyses the problem of new entrants in the EU Emissions Trading System (ETS). Following the Directive and the relating documents the study discusses the definition and characteristics of new entrants, and the conditions of market entry.