Tag / electricity markets

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Forecast of Hungarian electricity prices for 2008Analysis

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 ...

Principles of electricity markets 2008BudapestEvent

Liberalisation of the electricity sector has been a very important development worldwide in the past two decades, and is still an ongoing process in many transition countries. This course aims to provide a thorough introduction to the most important ...

The interdependecy of the electricity markets of Hungary and the Balkan regionAnalysis

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 ...

Kaleidoscope: the Hungarian electricity market in 2007Analysis

Kaleidoscope 2007 - sponsored and supported by the Hungarian Competition Authority - summarizes the most important developments regarding competition in Hungary and includes a more detailed analysis of selected sectors. REKK staff presented the article ...

Economic simulation games for educational purposesAnalysis

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 ...

Regional market model for derived energy productsAnalysis

We build an economic model that simulates the strategic wholesale market interactions between producers of derived energy products in Central, Eastern, and South-East Europe. The model takes into account the simplified production technologies of the ...

The technical and economic possibilities of demand side participation on the ancillary services marketAnalysis

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?Analysis

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 ...

The Effect of the Regional Integration of Electricity Markets on the Market Power of Power PlantsCompetition and Regulation 2015Research paper

The purpose of this paper is to construct a short-term economic model for the wholesale electricity market in the Central and Eastern European region - assuming conditions after a complete opening-up of the market. Among the inputs we provide an estimate ...

Effect of renewable energy sources on energy production and regulationEnergy policy and Environmental Protection Conference, BudapestEvent

Gabriella Szajkó presented at the MTA Energy Policy-Environmental Protection conference on the network integration of renewables, support schemes and the possibilities of a pumped storage plant in Hungary. Slides of the presentation can be downloaded from ...