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The impact of the Balkan drought on the Hungarian wholesale electricity pricePublished: 1 of June, 2012

2011 was a particularly dry year all through Europe, and the countries of the Balkan were hit by the lack of precipitation even more than usual. The region went through the worst drought of the last 50 years, and the hydropower plants of the Balkan countries were also affected. In this article we inspect how the much less than usual hydropower generation in the Balkan in the second half of the year may have contributed to the detachment of the Hungarian electricity prices from the regional and German prices, starting in the third quarter of 2011