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Energy and utilities
The Energy sector plays a pivotal role in economic and social development by supplying what might be described as the “flow of blood” to production and transportation systems. Its main objective is to ensure the reliable, affordable and clean energy needed by modern societies, thus contributing to well-being and prosperity around the globe.
The Energy sector involves the generation, transmission and distribution of💫 electricity derived from a variety of sources, including fossil fuels, nuclear power and renewable sources. It also includes activities concerned with fuels themselves, which extend along the entire value chain, such as oil and gas extraction and transportation, coal mining, refining of petroleum products, and wholesaling and retailing of fuels.
Hungary is one of the net importers of electricity in Central East Europe (CEE), with a net import deficit of ꦯaround HUF 144bn as of 2016. The country is increasingly dependent on electricity imports as its generating capacities are in decline as a ...
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The Hungarian electric power m🅺arket is middle-sized compared to other European markets. The electric power sectꦜor is mature, meaning that all major power stations and the transmission network have been built and that electricity supply is stable. ...
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