A magyar gázpiaci liberalizáció 15 éve
DOI:
https://doi.org/10.14267/VEZTUD.KSZ.04Keywords:
Hungary, natural gas market, regulation, entry barrier, state ownership, vertical integration, market structure, composite index, wholesale and retail priceAbstract
Since the opening of the natural gas market in 2004, profound changes have taken place in ownership, regulation and operation of the natural gas market. After morphing to a multi-player competition market structure, some market segments returned to strong centralisation and state control. This article enriches the literature on the developments of the Hungarian natural gas market from 2004 as no other analysis has done so far. To describe the history of the sector, the authors compare the indicator of Hungarian natural gas market regulation based on consumer experience (MPI) with the expert evaluation market structure index (ETCR) and the development of wholesale and retail prices.
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