More than two third of Hungary `s energy consumption is covered by natural gas and oil, of which it is more than 75% imported, mainly from Russia. According to the Hungarian Energy Strategy 2030, primary energy intensity in 2007 was nearly 2.4 times the EU average.
The reliance on Russian supplies is seen as vulnerability, and energy security tops the country’s agenda. The National Renewable Energy Action Plan (NREAP) adopted in 2010, set a target to have the share of 14.65% by 2020 in the energy mix; in 2017 the actual figure was 13.35 %.
Despite of that objective, energy supply relies heavily on nuclear power, which is seen as a cost-effective energy source with low GHG emissions. The share of nuclear energy keeps increasing (49% in 2017) and it generated by the Paks Nuclear Power Plant, which produces the lowest cost electricity in the country. A resolution to extend the lifespan of Paks Nuclear Power Plant by 20 years was passed in 2005 to ensure long-term domestic electricity supply. In 2009, Parliament approved the commencement of preparatory activities for the construction of new units at Paks. A recent increase in demand has spurred the search for uranium in southwest Hungary. In June 2014, Parliament approved a EUR 10bn (USD 12.5bn) loan agreement with Russia to finance the construction of two blocks at the Paks Nuclear Power Plant.
Total electricity capacity is about 33 TWh, with the half coming from nuclear power production. In addition, the share of gas was 24% in 2017. Renewable energies like solar, wind and biomass account for about 11% of the power mix (2017).
Last update: 09 2019