News tagged with: electricity

Hungarian Device Could Be the Solution for Storing Solar Panel Electricity

At present, the Hungarian electricity grid is not able to cope with the increased consumer demand and there is a...

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Hungarians Turn Down Heating amid Skyrocketing Prices

The energy crisis raging in Europe is felt by every household on the continent. Hungarians are no exception, and are...

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Czech Republic Introduces Price Cap on Gas and Electricity

On Monday, Czech Prime Minister Petr Fiala announced that the Czech Republic will introduce a price cap on residential electricity...

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‘Tusványos’ – Slowdown of Economy, Agricultural Self-Sufficiency, and Minority Rights Analyzed by Speakers of Free University

Lectures on the expected economic recession, the importance of agricultural self-sufficiency, and minority rights were held at the 31st Bálványos...

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Utility Bill Cuts May Cost State Budget HUF 1,300 billion in 2022

Utility bill cuts may cost HUF 1,300 billion (EUR 3.4 billion) for the Hungarian state, which comes to HUF 320,000...

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MVM to Acquire E.ON Regulated Market Electricity Distributor

State-owned energy company MVM on Thursday announced an agreement to acquire 100 percent of E.ON Áramszolgáltató, German-owned E.ON's local electricity...

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PM Orbán Discusses Paks Nuclear Plant Upgrade with Rosatom CEO

Prime Minister Viktor Orbán discussed the upgrade of Hungary's Paks nuclear power plant and the importance of nuclear energy with...

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Energy Authority: Budapest Gas Prices Lowest Among European Capitals in November

The average price of gas was 2.86 eurocent in Budapest in November, the lowest among European capitals, the Hungarian energy...

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Utility Authority: Budapest Households Paying Lowest Energy Prices in EU in August

Households in Budapest paid the lowest energy prices among capitals of the European Union in August, the Hungarian Energy and...

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New National Daily Heat Record of 37.8 Degrees Set in Hungary

Both longstanding national and Budapest heat records were broken on Wednesday afternoon, reaching 37.8 and 36.6 degrees Celsius respectively. Even...

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Hungarians Keen on Installing Solar Panels, Survey Found

Hungarians have expressed keen interest in installing solar panels to reduce energy costs, seeing it as a sustainable investment with...

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Ministry’s Amendment Proposal Puts End to Dispute on Utility Fee Cut Scheme

The ministry of innovation and technology said on Wednesday that Hungary's dispute with the European Commission concerning its policy of...

Technical Malfunction Causes Paks Reactor Trip

The Paks nuclear power plant reported a reactor trip on Thursday caused by a technical malfunction. The malfunction caused an...

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Szijjártó: Boosting Central Europe Competitiveness Requires Intensifying Connections

Central Europe's competitiveness hinges on intensifying inter-state transport and energy connections, Péter Szijjártó, the foreign affairs and trade minister, said...

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Hungarian Electricity Works MVM and Rosatom Establish Joint Venture

State-owned Hungarian Electricity Works (MVM) has formed a joint venture with Rusatom Service, a unit of Russia's Rosatom, named European...

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Coronavirus: Electricity Demand Falls by 10 pc in May

Demand for electricity in Hungary declined by around 10 percent in May compared with a year earlier, the daily Magyar...

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Hungarian State Paid HUF 17 Billion for Mátra Power Plant, Reveals PMO Head

The state-owned MVM Hungarian Electricity Ltd. purchased the Mátra Power Plant and paid HUF 17.4 billion (Eur 49 million) to billionaire...

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Hungarian State Company Buys Mátra Power Plant

The state will purchase the Mátra Power Plant from Orbán-ally billionaire Lőrinc Mészáros' Opus Global Nyrt, Ministry for Innovation and...

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Hungary Household Energy Prices among Lowest in Europe

Retail energy prices in Hungary are among the lowest in Europe, business daily Világgazdaság said on Friday, citing a survey...

The Power Of The Rising Sun In Hungary

Commercial solar power capacity in Hungary could rise to 2,100 MW by the end of 2018. Exceeding the capacity of...

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Electricity Price Reduction Comes into Effect

The price of energy has dropped on Monday as the February law on utility price reduction comes into effect, electricity...

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