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Energy supply – Energy Country Profile

Energy Supply

Total energy consumption has been rising by almost 2% year since 2014, nearing 26 Mtoe in 2019. Energy consumption per capita is 2.7 toe (13% below the EU average), including 4 200 kWh of electricity (24% below the EU average) (2018).

The share of gas has been decreasing since 2004 (32% in 2019). The share of coal and lignite was 7% in 2018,  oil  (32%). The share of nuclear is on the rise (16% in 2019), biomass doubled since 2000 (10% in 2019).

The share of hydro, wind and solar is marginal (less than 1%). Ther country is still heavily dependent on Russia for natural gas supply. 

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 (48% in 2019) 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 Rosatom to finance the construction of two blocks at the Paks Nuclear Power Plant, as the country targets a 90% carbon neutral power generation by 2030 and climate neutrality by 2050.

Power Generation

Electricity production has been rising by 3%/year on average and accounted for 34 TWh in 2019, with 48% coming from nuclear power production. In addition, the share of gas was 25% in 2019. Renewable energies like solar, wind and biomass account for about 13% of the power mix (2019). The share of carbon free electricity increased from 51% in 2010 to 62% in 2019.

Last update: 03 2021