Decommissioning of nuclear power plants are very costly. In most of the countries using nuclear capacities for electricity production, the dismantling of nuclear waste is financed by a nuclear fund. Due to the fact that the decommissioning and the safety ...
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Future of Ukraine's gas transit and its effects on the natural gas marketResearch paper
The future of gas transit through Ukraine is one of the most pressing energy security issues facing the EU in 2019, with the current gas shipping contract between Russia and Ukraine set to expire 31 December and the realization of alternative pipeline ...
Issues of the allowed rate of return charged on the regulatory asset base on the example of the Hungarian gas distributionCompetition and Regulation 2018Research paper
From time to time there is a need for the development of a predictable regulatory framework that takes into account the considerations of both investors and users of services in the context of price regulation of asset-intensive utility services. In our ...
Evaluating the 6 March PRISMA capacity auctionsResearch paper
In early March 2017, long-term capacity bookings were held on the PRISMA auction platform, which covers most of the European Union’s natural gas transmission grid. In this short analysis we highlight amarket distortive phenomenon that may be the result ...
The Impact Of The Construction Of The Nord Stream 2 Gas Pipeline On Gas Prices And CompetitionCompetition and Regulation 2016Research paper
The paper analyses the effects of Nord Stream 2 on the wholesale natural gas prices of European countries and the European gas market competition. We also assess the effect of this new infrastructure on the planned PCI projects of Central and Eastern ...
Potential solutions to the challenges of electricity distribution system operators' price regulationAnalysis
The study evaluates the present price regulatory regime for electricity distribution system operators (DSO) in Hungary. It first evaluates the impact of the present regulation on the DSOs' production and investment efficiency. Next it provides a review ...
Short-term effects of the Ukrainian crisis on the security of gas supply in Central-Eastern Europe and HungaryCompetition and regulation 2015Research paper
In this paper the vulnerability and the short term resilience of the European gas market to supply side shocks are modelled. We analyse the effect of regulatory interventions on the wholesale gas price and welfare of the most vulnerable Central and ...
Cost-benefit analysis of the Central and Eastern European electricity network investmentsCompetition and regulation 2013Research paper
The focus of our review of the economic evaluation of eight electricity transmission investments in Central and Eastern Europe. Using our electrcity market model, we estimated the welfare effects of the selected projects and analysed the costs and ...
Natural Gas Market Integration in the Danube Region: The Role of Infrastructure DevelopmentCompetition and Regulation 2015Research paper
The paper introduces the Danube Region Gas Market Model, a network and contract constrained multi-country competitive equilibrium model and applies it to estimate the impacts of new gas infrastructure investments on market integration, social welfare and ...
Overview of the Hungarian water utility sectorCompetition and Regulation 2010Research paper
The water utility sector is a network industry. The most important characteristics – such as congestion, high share of fixed costs, the fact, that the decisions of present generation highly affect the future generations, and also the legal framework ...
