Natural gas consumption fell by 22% in August compared to last year, the lowest level in the last eight years, the Hungarian Energy and Public Utility Regulatory Authority (MEKH) said on Tuesday in its latest report. They stressed that with the further increase in Serbian supplies, domestic storage facilities received 10% more gas in August […]
According to data published by the Hungarian Energy and Public Utility Regulatory Authority (MEKH) September, the level of Hungarian natural gas storage facilities has exceeded 70% of the total capacity. It means that Hungary is the third best in Europe in terms of the level of storage facilities filled in relation to consumption. As of […]
The amount of electricity generated by solar panels in Hungary increased by 25.2% this June compared to the same period last year, the Hungarian Energy and Public Utility Regulatory Authority (MEKH) said on Thursday, based on its latest energy statistics report. They added that solar energy accounted for three quarters of the electricity generated from […]
The Hungarian Veolia Group has acquired the power plant in Oroszlány, west of Budapest, from the electricity MVM Plc., and the plant will be restarted in early 2024, the company told the state news agency MTI. According to the information, the two units of the plant, each with a capacity of 50 megawatts (MW), will […]
The Hungarian government has imposed a 25% cut in gas consumption in public administration and at state-owned companies, with the exception of hospitals and residential social institutions. It will also order a temperature limit of 18 degrees Celsius in public institutions. The Hungarian government has imposed a 25% cut in gas consumption in public administration […]
The overwhelming majority of Hungarian society rejects the government's plan to tackle the energy emergency by easing logging. This is according to a representative opinion poll commissioned by Greenpeace Hungary and conducted by Policy Solutions and ZRI Závecz Research. “The government's scandalous firewood decree of August 4 was cosmeticized by a subsequent ministerial order, but, […]
Demand for solar panels has increased significantly in the past two or three weeks, the president of the Hungarian Solar Panel Association, Ernő Kiss told the state news agency MTI on Thursday. The President said that in 2021, their member companies and other businesses installed solar systems and solar power plants in 35,000 households in […]
The first shipment of liquefied natural gas (LNG) has arrived from the Croatian import terminal in Krk to Hungary, thus adding a new mode and route to the domestic gas supply chain, which currently serves mainly transport purposes; soon the route may be opened for industrial use as well, ARELGAS Ltd. told the state news […]
The Hungarian energy company ALTEO Plc. has announced on the website of the Budapest Stock Exchange that as buyer, it has concluded a quota purchase agreement for the acquisition of the registered capital representing the entirety of the business interest in EDELYN SOLAR Ltd. (‘target company’) amounting to forints HUF 3,000,000 (three million) from individuals, […]
The aggregate production of solar power plants in Hungary exceeded 1,836 megawatts (MW) on Wednesday, 13 July, according to the Hungarian Independent Transmission Operator Co. Ltd. (Mavir). This means that large solar power plants accounted for almost 37% of total electricity consumption in Hungary. This is particularly important in the current energy emergency, as alternative […]
The share of solar power plants in total energy generation in Hungary was 11.1% last year, the highest in the 27 countries of the European Union, the Hungarian Energy and Public Utility Regulatory Authority (HEA) said in its electricity market report for 2021. The aggregate electricity consumption of the 27 member states increased by 4.3% […]
The energy crisis strengthens the need for security of supply, and pursuing decarbonization targets is a good way to increase energy independence. That is according to János Péter Horvát, the President of the Hungarian Energy and Public Utility Regulatory Authority (HEA). In a presentation at a joint online conference of the Hungarian Economic Society and […]
The Hungarian oil and gas company MOL builds one of the largest capacity green hydrogen plants in Europe in Százhalombatta, just south of Budapest. This investment of EUR 22 million allows MOL to produce 1,600 tons of green hydrogen annually with the help of renewable electricity and enables about 25,000 tons of CO₂ saving. MOL […]
More than three quarters of Hungarians believe that the country should produce its energy needs at home and not depend on other countries, especially Russian gas, according to a recent opinion poll commissioned by Greenpeace and conducted by the Policy Solutions Institute and ZRI Závech Research in the last week of March. Greenpeace therefore expects […]
Energy ministers of the Visegrad Group - the Czech Republic, Hungary, Poland and Slovakia - discussed the planning and establishment of a European hydrogen ecosystem at a meeting in Budapest on Tuesday. At the first V4 working meeting, the countries of the group shared their views on the creation and design of a European hydrogen […]
