Supported byClarion Energy
HomeSEE Energy NewsHungary, New set...

Hungary, New set of measures adopted by the Government to mitigate the effects of ongoing energy crisis

At the press conference, the Minister of Prime Minister’s Office Gergely Gulyas announced a new set of measures adopted by the Hungarian Government to mitigate the effects of ongoing energy crisis.

As of 30 July, only privately owned cars, taxis and farm machinery can purchase petrol at capped prices of 1.19 euros/liter.

Regarding increasing natural gas prices, the Government plans to find alternatives, for example, to increase coal-fired electricity generation.

Gulyas said that Hungary voted against the European Commission’s proposal to reduce gas consumption by 15 %, but will comply with it.

Supported byClarion Owners Engineers
Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

MVM begins foundations for 1 GW combined-cycle plant at Tiszaujvaros

Hungarian state-owned utility MVM has started foundation work on a new 1,000 MW combined-cycle gas-fired power plant at the former Tisza II site in Tiszaujvaros. The project is part of Hungary’s broader shift in generation needs as variable renewables...

Hungary and Italy defy European power price decline as regional gap widens

Hungarian and Italian wholesale electricity prices increased in the week ending 20 September, despite weaker electricity demand across Southeast Europe and significant price declines in several Western European markets. Italy recorded the highest weekly day-ahead average among the markets covered,...

Alternative gas supply plans for Hungary by 2027 via Croatia and regional pipelines

Hungary says alternatives could replace Russian gas within a year, and that it could technically replace Russian natural gas within a year. The statement points to a potentially important shift in Central and Southeast European gas flows as Budapest...
Supported byVirtu Energy