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Hungarian–Serbian–Sloven Regional Power Exchange to Start in Late 2024

In the second half of 2024 a regional power exchange known as the BlueSky Project is poised for launch, involving Hungary, Slovenia, and Serbia. Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó stated in Budapest on Tuesday that the…

Hungary Leads the Way in Green Economy, Government Commissioner States

‘Green energy production, storage, utilization, and recycling: this is how the green economy is built, of which Hungary is a leader in the world, not a follower’, Government Commissioner László György stated in Debrecen, encouraging citizens to fill in the…

Hungary Outperforms EU Gas Consumption Reduction Targets for Second Consecutive Year

According to the Hungarian Ministry of Energy, Hungarian gas consumption, similarly to the previous cycle, decreased by a fifth in the last period observed, outperforming the compulsory target prescribed for EU member states….
Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó speaks at the opening of the Budapest LNG Summit on 6 December 2021.

US Embassy Denounces Hungary in Paid Advertisement Full of Half-Truths

Hungary stands as the sole EU member state purportedly failing to adequately diminish its energy reliance on Russia, a paid advertisement of the US Embassy in Budapest suggests. However, the truth is that numerous EU nations continue to rely on…

Budapest Wins European Commission’s European Mobility Week Award

Budapest’s recognized initiatives as part of the programme included the car-free weekend organized with the involvement of the Budapest Transport Centre (BKK), as well as the European Car-Free Day held on weekdays, during which Mayor Gergely Karácsony presented plans for…

Hungarian Government Invites Citizens to Share Views on Green Energy

Citizen can submit their responses to questions related to 13 important issues ranging from solar panels to reducing utility bills to electromobility….

Paks Nuclear Plant Expansion Achieves Critical Milestones

Crucial milestones regarding the expansion of the nuclear plant in Paks are the construction of the containment structure and the reactor vessel, of which the former has been completed, while the manufacturing of the latter is set to commence shortly….

Hungarian Green Energy Goals: Industrial Developments and Grid Integration by 2030

Industrial power plants and storage facilities can be connected to the grid by 2030, the Ministry of Energy announced. The current energy storage capacity of only twenty megawatts could increase twentyfold by 2026 and fiftyfold by 2030….

Hungary’s Solar Industry Surges with Remarkable Growth

The target of six gigawatts was originally set to be achieved by 2030. However, since Hungary has already reached this goal, the government has raised the target to twelve gigawatts by the end of the same period….

EU Parliament Takes Action to Safeguard Consumers from Energy Market Manipulation

The adopted amendments to the Regulation on Wholesale Energy Market Integrity and Transparency, designed to respond to the energy crisis, cover new trading practices such as algorithmic trading and strengthen reporting and monitoring requirements to protect consumers from market abuse….

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