Hungary: industry prices of electricity 2008-2021

In Hungary, for an annual consumption of less than 2,000 MWh, the prices for electricity decreased over this period from 11.8 euro cents per kilowatt hour in 2008 to 9.2 euro cents per kilowatt hour in 2021, despite increasing initially to 12.69 euro cents per kilowatt hour in 2009. At the same time, in 2021, electricity prices for households amounted to approximately 10.3 euro cents per kilowatt-hour.

Electricity generation 

Hungary’s energy sector is mostly reliant on nuclear electricity generation, coal, and natural gas, as well as importing electricity from neighbouring countries, such as Austria, Ukraine, and Slovakia. The total amount of electricity generated in Hungary in 2020 reached 34.6 terawatt hours, marking a slight increase compared to the previous five years.

Nuclear energy 

The Paks Nuclear Power Plant, Hungary’s only nuclear power station, started operating in 1982 and has played a crucial role in the country’s energy supply ever since. The power plant has four nuclear reactors that generate approximately half of the country’s electricity. With the support of the Hungarian government, a contract has been signed for expanding the power plant with two further nuclear reactors. However, according to the findings of a survey conducted in 2020, over half of the country’s population was against the expansion.