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| Latest News |
For recent news on Hungary, please refer to its News page >>.
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| Key Statistics (2007) |
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Population |
10.1 mln |
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GDP/Capita |
$5,569 |
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Generation |
Fossil fuel: 58%
Nuclear: 37.4%
Hydro: 0.5%
Renewables: 4.1% |
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Electricity Market Size |
39.459 TWh/year |
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Surplus Installed Capacity over Demand |
2.188 MW |
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Net Electricity Importer |
(7.208 GWh); Slovakia main trading partner |
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Natural Gas Imported |
11.7 bln m3 (80 %) |
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Natural Gas Consumed |
14.8 bln m3 |
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Natural Gas Storage Capacity |
3.4 bln m3 |
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Natural Gas Domestic Production |
3.1 bln m3 | |
| Summary |
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Established in 1994, 94 staff members
Ferenc Horvath J. was appointed President of HEO on October 31, 2003. The Prime Minister upon proposal of the Minister of Economy appoints the President and the Vice-President for a 6 year term.
The HEO regulates and supervises energy activities of gas and electricity companies, heat production of electric power stations and CHP companies over 50 MW, and protects consumer interests.
Fees from licensees regulated by the joint decree of the Minister of Economy and Transport and the Minister of Finance cover the HEO’s operating costs. |
| Industry and Market Structure |
Electricity
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12 generation companies; 10 owned by private investors (Tractebel, RWE, AES, ATEL, EdF, Croesus, EON)
- 1 public wholesale company (state owned)
- 6 regional distribution/supply companies owned by RWE, EON, EdF
- Generation prices for public service (as of February 2006 again), general system usage charges, public wholesale and end-user prices are regulated
- Two parallel market model: regulated (public) and liberalised
- Power Purchase Agreements between several generators and wholesaler
- 1 TSO (State-owned)
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Member of CENTREL (regional organization of transmission system operators of Hungary, Slovakia, Poland and Czech Republic) and UCTE (Union for the Coordination of Transmission of Electricity)
Natural Gas
- Market structure: 1 transmission company, 1 wholesaler, 1 storage company, 1 TSO, 10 distribution companies /public utility supply companies, 3 LPG supplier, 14 natural gas traders, cross-border traders
- Wholesale and end-user prices are regulated
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40 % of natural gas market was opened on January 1st, 2004. , beyond the household customers all customers have the possibility to enter the market, 8,1% of non-household customers entered the market |
| Current Energy Issues |
- 66% of electricity market is open from July 1 2004, and 65,4% of the natural gas market is open from January 1, 2004 (in legal terms)
- Regulated third party access, cross border trade, stranded costs, market power monitoring, public service obligation
- Regulated prices are prepared by the Hungarian Energy Office and approved or rejected by the Minister of Economy and Transport; new gas price regulation has been effective since January 18, 2006 for 4 years, the four-year electricity price regulation period started at the beginning of 2005
- Harmonization of the energy policy according to the European Union Directives.
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| Contact |
Köztársaság tér 7, H-1081 Budapest, Hungary
Tel./Fax: (36 1) 459 7701
Official website: http://www.eh.gov.hu |
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HEO Org. Chart
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