Publications / Hungarian Energy Market Report
REKK Hungarian Energy Market Report 2012 Q2Published: 1 of June, 2012
The impact of the Balkan drought on the Hungarian wholesale electricity price | Visions of decarbonisation in Europe | Estimation of the biogas potential of Hungary | The predictability of economic growth based on electricity consumption data

Table of contents

The impact of the Balkan drought on the Hungarian wholesale electricity price

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

Authors: András Mezősi, Antal Hum
Visions of decarbonisation in Europe

Equipped with the knowledge of the emission reduction targets emerging from international negotiations and agreements on climate change, a number of examinations and studies have been conducted for the last few years to better understand the instruments and possible paths of devel- opment through which the European economy could be decarbonised – equivalent to cutting the emissions of greenhouse gases by 80%. Based on studies on the decarbonisation of the European economy, below we review the emission reduction potential of different sectors, then we present the main instruments for decarbonisation and introduce a number of possible decarbonisation scenarios.

Bottom-up estimation of the biogas potential of Hungary

At the end of 2011 REKK decided to bring into the focus of its research activities the bottom up modelling of the economic potential and the supply curve of the Hungarian biogas genera- tion and utilisation, with a 2020 time horizon. We carried out a detailed sector level analysis of the three main sources of biogas production: landfills, wastewater treatment plants and biogas facilities within agriculture.

The predictability of economic growth based on electricity consumption data

Using statistical-econometrical methods, we determine the extent to which the electricity consumption of Hungary can be used for the short-term forecast of GDP growth. Our analysis is based partly on quarterly and partly on annual data: since 1998 quarterly data is available from ENTSO-E, while for the 1990-2010 period annual Eurostat data on net final consumption is used for the analysis

Author: Antal Hum