Is Hungary a good place to buy electricity?
Residential electricity and gas prices are around 50% lower than the EU averages. Total energy consumption decreased by almost 2%/year since 2018. The share of oil in total consumption has increased by 3 points since 2010. Hungary is counting on nuclear (2.4 GW expansion of the Paks plant) to ensure its long-term electricity supply.
How has energy consumption changed in Hungary?
Total energy consumption decreased by almost 2%/year since 2018. The share of oil in total consumption has increased by 3 points since 2010. Hungary is counting on nuclear (2.4 GW expansion of the Paks plant) to ensure its long-term electricity supply. Electricity and gas interconnection projects are under development to diversify supply.
How much electricity does Hungary use per month?
Thousand GWh Gross electricity use by month* * Excluding data on household-sized small power plants (e.g. solar panels). Source: Hungarian Independent Transmission Operator Company Ltd. (MAVIR).
Does Hungary need a nuclear power plant?
Hungary is counting on nuclear (2.4 GW expansion of the Paks plant) to ensure its long-term electricity supply. Electricity and gas interconnection projects are under development to diversify supply. The State Secretariat for Energy and Climate Policy within the Ministry of Innovation and Technology oversees energy and climate policies.
Is Hungarian gas cheaper than the EU?
Hungarian gas prices are much lower than the EU average (21% below for industry and 52% below for households in 2019). Energy consumption per capita is 2.7 toe (13% below the EU average), including 4 200 kWh of electricity (24% below the EU average) (2019).
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Between 2010 and 2015 she served as Ambassador-at-Large for Energy Security of Hungary. Previously she was the Director of Constellation Energy Institute, a think tank facilitating cooperation in the Central Eastern European energy sector. She is the author of the book Power, Energy and the New Russian Imperialism (CT: Praeger, 2008).
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Basic Statistic Energy price inflation rate in Hungary 2019-2024, by commodity Premium Statistic Monthly wholesale electricity prices in Hungary 2019-2025
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