Thesis supervisor: Á. László Kóczy
Location of studies (in Hungarian): 1117 Budapest, Magyar tudósok körútja 2. Q building A wing Abbreviation of location of studies: BME Q
Description of the research topic:
Even experts disagree about the foreseeable trends in gas consumption: we should cut the consumption of non-renewable resources and thus reduce the natural gas consumption but at the same time renewable energy production is highly volatile - creating highly volatile price changes right now - and natural gas turbines provide a fairly efficient way to quickly react and step in in case of shortages. While decarbonisation and in particular the electrification of household heating should imply a lower usage of natural gas, the importance of gas turbines in smoothing out renewables production suggests that the usage may, in fact, increase. As a direct result of these market changes, demand for gas may gradually lose its seasonality and may become volatile, too. Using the game theoretic pipeline-network model of Sziklai-Kóczy-Csercsik (Energy Policy, 2020) the researcher will evaluate the foreseeable costs and risks of the green transition to the stakeholders in the natural gas markets.
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