Hungary asked the European Union to take action against Ukraine for imposing a partial ban on Russian oil exports, arguing the move was jeopardizing country’s energy…
Green energy company GoldenPeaks Capital has signed a power purchase agreement (PPA) in Hungary with Danish food packaging company Faerch Group. Under the 12-year physical pay-as-produced PPA, the offtaker…
The average price of electricity on the day-ahead market of the Hungarian energy exchange HUPX reached 91.72 euros/MWh in June 2024, which is 27% higher compared to the…
Two electricity distribution companies owned by the Hungarian MVM Group will procure and install 89,103 smart meters by the end of February 2026. This initiative is part…
A heat wave in late June caused Hungarian day-ahead power prices to rise beyond 224 euros/MWh; however, they swiftly declined, falling below 100 euros/MWh in the first week…
The Hungarian authorities have ensured that the 14th package of EU sanctions against Russia won’t affect the construction of the Paks-2 nuclear power plant, carried out…
Three units of alternative energy company Alteo signed contracts for a combined HUF 9.4 billion (24 millioneuros) of European Union funding for battery storage investments, the…
The MVM Group launched a new natural gas exploration and production investment in the Berettyóújfalu area of Hajdu-Bihar County at the end of last year. As planned, the…
According to the Hungarian Energy and Public Utility Regulatory Office (MEKH), the Paks nuclear power plant achieved sales revenues of more than HUF 210 billion (EUR 531 million)…