The liberalisation of the Hungarian electricity and natural gas markets has been completed in 2009. The liberalisation of the electricity market resulted in different competitive positions in the production, the wholesale and the retail trade. The high level of market concentration survived in the power production, and a similarly high level concentration of the wholesale market would have subsisted without the efforts of the competition authority. The competition on the retail market was stimulated by the termination of public utility supply, and the share of unregulated market has expanded. This paper sums up the competitive positions at the beginning of the liberalisation process both in the electricity and the natural gas markets and presents the changes due to liberalisation.
regulation and liberalisation in energy supply competition and high level market concentration