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) last year, the highest in the last decade. Despite this, the profit after tax was only HUF 121 million, far below HUF 2.8 billion in 2022.
The Mátra Power Plant is the second largest power plant in the country and also belongs to the MVM Group. In 2023, the 950 MW Mátra Power Plant covered around 6.2 percent of the gross domestic electricity demand with its production.
In 2023, it increased its sales revenue to nearly HUF 151 billion from HUF 112 billion in the previous year, while its profit after tax decreased from HUF 3.9 billion to HUF 1.5 billion.
The Dunamenti Power Plant, the largest natural gas-fired power plant in Hungary, saw its 2023 revenue fall by less than half to EUR 254 million from EUR 524 million in 2022. The two main reasons for this are that due to the war in Ukraine and other market effects, the extremely high market energy prices were reduced in 2023, and the sluightly decrease in electricity production compared to 2022.
Although the Paks Nuclear Power Plant has a district heating license, its thermal capacity is only 42 MW, a fraction of the 1,130 MW thermal capacity of the Budapest Power Plant, which is the largest domestic district heating producer and is fired by natural gas (with oil as a back-up). Last year, the turnover of the operator Budapest Power Plant increased to HUF 448 billion from HUF 389 billion in 2022, while its profit after tax rose to HUF 26 billion from HUF 20 billion in the previous year.
In terms of renewable energy, the article also looks at solar power plants, covering 10 percent of Hungary’s gross electricity consumption with their production in 2023.
Wind parks covered less than 1.5 percent of gross domestic electricity consumption last year, but they are still an important part of the system. Iberdrola Renovables Magyarország Kft., currently operating nearly half of Hungary’s 325 MW of installed wind capacity, generated sales of HUF 13.6 billion in 2023, up from HUF 11 billion in 2022. The company’s profit after tax increased from HUF 5.4 billion to HUF 9 billion.
Biomass and biogas power plants together accounted for 4.7 percent of gross domestic electricity demand in 2023. This is more than three times as much electricity as wind power.
