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| Key Statistics (2010) |
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Population
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10.02 mln
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GDP/Capita
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,280 (based on PPP)
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Generation
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Fossil fuel: 48.46%
Nuclear: 42.96%
Hydro: 0.63%
Renewables: 7.9%
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Electricity Market Size
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41.42 TWh/year |
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Surplus Installed Capacity over Demand
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2.26 TW
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Net Electricity Importer
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(5.5 TWh); Slovakia main trading partner
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Natural Gas Imported
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329,6 PJ (80 %) |
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Natural Gas Consumed
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11.115 Bcm in 2009 and 11.898 Bcm in 2010
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Natural Gas Storage Capacity
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4.23 Bcm commercial in 2009, 4.93 Bcm commercial + 1.2 Bcm strategic in 2010 |
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Natural Gas Domestic Production
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84,8 PJ
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| Summary |
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Established in 1994, currently there are 112 staff members
Péter Horváth was appointed President of HEO in September 2010. The Prime Minister upon proposal of the Minister of Economy appoints the President and the Vice-President for a 6 year term.
HEO regulates and supervises energy activities of electricity and gas companies, heat production of electric power stations and CHP companies over 0.5 MW and protects customer 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.
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| Industry and Market Structure |
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Electricity
- 14 large generation companies; 10 owned by private investors (GDF Suez, RWE, AES, ATEL, EdF, EON)
- 103 wholesale companies from which 31 are retailers as well
- 4 universal supplier companies owned by RWE, EON, EdF
- 6 regional distribution companies owned by RWE, EON, EdF
- Liberalized market model with universal supplier services
- Generation prices under obligatory off-take regime (RES + CHP for district heat until 1st July), general system usage charges and universal supplier tariffs are regulated
- 1 TSO (indirectly State-owned)
- Member of ENTSO-E (European Network of Transmission System Operators for 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
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| 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 |
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II. János Pál pápa tér 7, H-1081 Budapest, Hungary
Tel./Fax: (36 1) 459 7777
Internet: www.eh.gov.hu; http://www.erranet.org/AboutUs/Members/Profiles/Hungary
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