Hungarian energy company MOL, in partnership with Dutch-owned O&GD, has started production from a new oil discovery near Galgaheviz at a depth of approximately...
Hungary’s state-owned energy group MVM has begun construction of a new combined-cycle gas turbine (CCGT) power plant in the Matra region. Designed to produce...
Hungary has concluded a landmark long-term natural gas agreement with Shell, marking the largest deal ever reached between the country and a Western energy...
GoldenPeaks Capital, a renewable energy investor operating in Central and Eastern Europe, has officially launched the Zemplen solar complex in northern Hungary. Located in...
The rapid expansion of weather-dependent renewable energy sources is creating an unusual trend in European power markets: negative electricity prices. On days with strong...
In August 2025, the average price of electricity on the Hungarian energy exchange HUPX day-ahead market (DAM) was 80.51 euros/MWh, marking a 22% decline...
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