Hungary energy report

This analysis includes a comprehensive Hungary energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2019 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.

Hungary energy report
October 2020
4 files (PDF report, 3 Excel files)
39 (Report only)

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  • The country targets 90% carbon neutral power generation by 2030 and climate neutrality by 2050.
  • Rosatom will build two nuclear reactors, after the Government bypassed an international tender.
  • National companies MVM, for electricity production and transmission, and MOL, for oil and gas, have a dominant position.
  • E.ON is divesting its electricity distribution activities.
  • Carbon free electricity reached 62% in 2019, of which 48% is nuclear.
  • The country has increased its dependence on energy imports from Russia in recent years.
  • Residential electricity and gas prices are around 50% lower than the EU averages.
  • Total energy consumption has been rising by almost 2%/year since 2014.
  • The share of oil in total consumption has increased by 5 points since 2010.
  • Hungary is counting on nuclear (2.4 GW expansion of the Paks plant) to ensure its long-term electricity supply.
  • Electricity and gas interconnection projects are under development to diversify supply.


of nuclear in the power mix (2019)


phasing-out of coal capacity


share of Russia in natural gas imports


  • Institutions & Energy Policy

    The State Secretary for Energy and Climate Policy within the Ministry for Innovation and Technology oversees energy and climate policy.

    The Hungarian Energy and Public Utility Regulatory Authority (MEKH) is the independent agency in charge of regulating the electricity and gas sectors.

  • Energy Companies


    MOL (State 15.24%, Maecenas Universitatis Corvini Foundation 10%, MOL Investment 8,08%, Oman Oil 7.14%)is the national oil company; its activities range from exploration-production to refining and distribution. MOL owns a 49% share in the Croatian oil company INA.

  • Energy Supply


    Gas production is decreasing rapidly and reached 1.7 bcm in 2019 (4.9 bcm in 1990 and 2.9 bcm in 2010). This production represents nearly 26% of its gas needs.

    Hungary is a net importer of gas and is involved in significant gas trade, with imports and exports growing. Its net imports have fluctuated in a range of 7-10 bcm since 2010. Net imports increased by 52% in 2019 to 11.7 bcm.

  • Energy Prices


    In euro terms, residential electricity prices increased by 20% in 2020 due to the depreciation of the HUF, after a 4%/year decline since 2012.

    Industrial prices have been decreasing by 5% on average.

    Industrial and residential electricity prices doubled between 2000 and 2010.

  • Energy Consumption

    Energy consumption per capita is 2.7 toe (13% below the EU average), including 4 200 kWh of electricity (24% below the EU average) (2019).

    Total energy consumption has been recovering since 2014 (+2%/year), nearing 26 Mtoe in 2019.

    Previously, total energy consumption declined by 10% between 2010 and 2013.


  • Issues & Prospects


    Gas production is expected to fall on a regular basis. According to ENTSOG's projections, gas demand should decline by 0.5%/year between 2020 and 2035 (and even by1-1.5%/year in more renewable-oriented scenarios).

Table of Contents


Download the Table of Contents

List of Graphs

Below is a list of the Hungary energy market report graphs:

  • GRAPH 1: CO2-energy emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2019, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2019, %)
  • GRAPH 5: Gasoline & diesel prices (€/l)
  • GRAPH 6: Electricity prices for industry and households (€c/kWh)
  • GRAPH 7: Gas prices for industry and households (€c/kWh GCV)
  • GRAPH 8: Consumption trends by energy source (Mtoe)
  • GRAPH 9: Total consumption market share by energy (2019, %)
  • GRAPH 10: Final consumption market share by sector (2019, %)
  • GRAPH 11: Oil consumption (Mt)
  • GRAPH 12: Oil consumption breakdown by sector (2019, %)
  • GRAPH 13: Electricity consumption (TWh)
  • GRAPH 14: Electricity consumption breakdown by sector (2019, %)
  • GRAPH 15: Natural gas consumption (bcm)
  • GRAPH 16: Gas consumption breakdown by sector (2019, %)
  • GRAPH 17: Coal consumption (Mt)
  • GRAPH 18: Coal consumption breakdown by sector (2019, %)

List of Tables

In the Hungary energy market report you will find the following tables:

  • Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
  • Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
  • Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
  • Infrastructure Projects: Covers power plant projects by energy, technology, status and operator.

Data (Excel Sheet)

The Hungary energy market data since 1990 and up to 2019 is included in the Excel file accompanying the Hungary country report.
It showcases the historical evolution, allowing users to easily work with the data.

Key Data included in the excelsheet:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • Hungary Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Hungary energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).

The Hungary country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.

Data included in the excelsheet:

  • New capacities: Current power mix, installed capacity at date, capacity under construction and under development.
  • Power Sector Performances: Historical data on installed capacity, power generation, thermal power plants inputs, average thermal power plant efficiency, CO2 emissions of the power sector, carbon factor of the power sector.


Projections Data (Excel Sheet)

The Hungary country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.

Data included in the excelsheet:

  • Demand: Primary energy consumption, final energy consumption, by fuel, by sector.
  • Power: Electricity generation & capacities, by technology.
  • CO2: Total CO2 emissions.
  • Macro-economy: Main macro-economic assumptions.
  • Key indicators: Energy intensity, share of renewables, CO2 emissions per capita and per unit of GDP.

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