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Day 1: Economics of competitive markets

8:00-8:30     Registration and Opening address, 

Péter Kaderják, Director, Regional Centre for Energy Policy Research (REKK),
Krisztina Kasza, Program Director, ERRA

8:30-10:00   

Introduction: "From regulated to liberalized markets in electricity", Péter Kaderják, REKK

10:00-10:30              

 Coffee break
10:30-12:45

 The Economics of Competitive Markets, András Kiss, REKK

12:45-13:45  Lunch
13:45-15:15  Exercise I: Competitive Market Simulation Game, REKK Staff

15:15-15:45  Coffee break
 15:45-16:30  Group Work: Introducing the off-class teamwork assignment for the week

 Day 2: Demand and supply of electricity

9:00-10:30         Electricity supply: Cost structure and decision making in plant operation and investment, Csaba Kiss, Director, E.ON Hungária Zrt., Hungary
10:30-11:00 Coffee break
11:00-12:30  Exercise II: Investment Game, REKK Staff
12:30-13:45  Lunch
13:45-15:00 Electricity demand: Usage, seasonality, profiling and demand response, Pálma Szolnoki, REKK
15:00-15:30 Coffee break
15:30-17:00 Case study: Smart metering experiences in Italy, Ferruccio Villa, AEEG, Italy
19:00 Cultural program: Wine Tasting

 

Day 3: Wholesale and retail markets

8:30-9:30                 Wholesale market models: Integrated vs. decentralized markets; Role of the system operator; Ancillary services, András Kiss, REKK
 9:30-10:30 Practical issues and pitfalls of the electricity market opening process, Csaba Kovács, Vice President, Hungarian energy Office, Hungary
10:30-11:00 Coffee break
11:00-12:45 The role of traders and exchanges; Price evolution and price spikes; Risk management; Spot (day-ahead, real time) and forward markets, Kamal Khoury, EdF Trading, UK
12:45-13:45 Lunch
13:45-15:15

A view of the Nordic wholesale and retail market, Johan Linnarsson, Chief Analyst, Fortum, Sweden

15:15-15:45 Coffee break
15:45-17:00 Group Work: Off-class teamwork assignment

 

Day 4: Network issues

9:00-10:30 Technical features of transmission; Network losses; Congestion management; Interconnectors, Goran Majstrovic, EIHP, Croatia
10:30-11:00         Coffee break
11:00-12:30 Electricity market integration across countries: Transmission pricing methods and the Benelux market coupling model, Jean-Michel Glachant, Director, Florence School of Regulation, Italy
12:30-13:45 Lunch
14:00-17:00 Visit to MAVIR (Hungarian ;Transmission System Operator): Functions, tasks and practical operation of the system operator in a liberalized market
17:00 -20:00 Cultural program: Sightseeing tour in the Castle District

 

Day 5: Market power

9:00-10:30 Market power in electricity generation and transmission, András Kiss, REKK
10:30-11:00 Coffee break
11:00-12:30 Exercise III: Market Power Simulation Game, REKK Staff
12:30-13:45

Lunch

13:45-16:00

Group Work: Presentation of teamwork assignments
Final test
Course evaluation and farewell

 

Social Programs

1.

Wine Tasting Program

2 February, Tuesday

During the program we will bring you to the „Winebar”, located in the heart of the city, near the marvelous Saint Steven’s Basilica. We would like to introduce you a variety of Hungarian wines with the help of a professional Hungarian „sommelier”. Special kinds of delicious cheese and ham will go together with the unique wines, to make the event even more enjoyable. We hope that the program will set the right scene for the informal discussions among the participants.

(Attention: dinner is NOT included in the program. We will go by public transport, thus we kindly ask you to have 2 single tickets with you.)

 

About Hungarian wines

The thousand-year past of Hungarian vine-growing and wine-making is founded upon ancient eastern traditions brought by the Magyars themselves, surviving Roman viticultural know-how in Pannonia, the Benedictine and other monastic orders and settlers from Italy and Burgundy, later to be perfectly adopted by Hungarian viticulturists. The great variety of Hungarian wines, which were already rivalling those of Italy in Roman times, is thanks to a unique climate and extremely varied soils.

Hungary is among the world’s top 25 wine-making countries, so it is no accident that it is a wine-drinking nation. Our 22 wine regions differ widely in size, location and the character of their wines, but in each one can find those types and traditions which over long centuries have determined production. It is thanks to generations of wine-makers that such unique wines have been created as the Bull’s Blood of Eger and Szekszárd, and Tokay’s aszú, hailed by connoisseurs and professionals alike as the king of wines and wine of kings. Discover what it’s like to be king and drink a wine fit for a king!


2.

Sightseeing Activity

4 February, Thursday

 

During the social program we will take you to the Buda Caste, which is the historical core of Budapest, the point, where the city was born in the 13th century. The castle is an incredibly interesting mixture of centuries from the 13th until current days. The coexisting of many kinds of architectural styles makes it a really imposing, interesting and beautiful spot of the city. During our walk through the charming narrow medieval streets surrounded by elegant baroque houses of the 17-18th century, we will have an overview of the Hungarian history and culture, glance at the oldest gothic churches of the city, like the 700-year-old Matthias Church which is the jewel of the Hungarian capital. We will also get to know what does the famous and characteristic building of the Fishermen’s Bastion has to do actually with fishermen.

 

 

 

 

 

 


The short walking tour will be followed by a visit in the Labyrinth of Buda Castle.

The Labyrinth of Buda Castle is the longest and most well-ordered visitable part of the cave system under the Castle Hill in Budapest. At the present time it belongs to the top 10 sights in Hungary. Moreover, according to a touristic website, the Labyrinth is one of the world’s 7 underground wonders. It is mysterious, unfathomable, and apart from the spirit it affects the five senses.


The Labyrinth of Buda Castle is situated in the complex of caves and cellars underneath Buda Castle District. The unique calcareous tufa caves of Castle Hill were created as an effect of the hot water springs at the dawn of the history of the Earth. These caves then served as refuge as well as hunting ground for the prehistoric man (the “Hunter of Buda”) appearing half a million years ago. Later the small caves were connected to each other and also to the cellarage of the houses of the Castle District for economic and military purposes, and the complex thus developed into a veritable labyrinth. In the 1930s, as part of the war-time defence program, the complex of cellars was converted into a shelter large enough to accommodate as many as ten thousand people at a time. Reinforced - and also disfigured - with concrete, it served as a secret military installation during the Cold War.


During the reconstruction work which took place in 1996/97, the labyrinth - extending to over 4000 square meters - regained its pre-war look as far as it was possible, with the word “labyrinth” determining its cultural and spiritual profile. In the present context “labyrinth” is a web of paths leading to our world, our history, or ourselves, which, given sufficient resolve, can be charted here. Looking back from the middle or from the end, the area you have covered will appear as an ordered, meaningful fabric of individual lives and historical destinies rather than a bewildering maze.