Non-household electricity prices in Hungary 2018-2023

Non-household electricity prices increased in Hungary, both for large- and small consumers. In the first half of 2023, customers with an annual consumption of 500 to 2,000 megawatt hours paid a 0.3 euro kilowatt hour price.

Electricity generation 

Hungary’s energy sector is mostly reliant on nuclear electricity generation, coal, and natural gas, as well as importing electricity from neighboring 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.