Market Research Logo

Hungary Power Report Q2 2016

Hungary Power Report Q2 2016

BMI View: Hungary's power sector is well developed, with an extensive national supply grid, includingcross-border interconnections, and significant domestic generation and capacity. We expect consumption togrow only slowly over the forecast period and this, along with government measures to keep electricityprices well below the regional norm, is deterring investors from committing to new power projects. Withfew projects in the pipeline, we expect total generation to increase only incrementally between 2016 and2025. As such Hungary will remain heavily reliant on nuclear power and natural-gas fired power whichtogether account for almost 75% of domestic generation, with limited renewable capacity.

Latest Updates and Structural Trends

Hungary's government has reiterated its commitment to expanding nuclear power capacity via theconstruction of new reactors at Paks. The works have come under criticism from environmental actiongroups and neighbouring states such as Austria. The project has also been investigated by the EuropeanCommission.

Development of the South Stream gas pipeline may be delayed following news Gazprom has terminateda contract on the construction of a section of the pipeline. The EUR16bn (USD17.3bn) scheme, initiallyslated to be commissioned by end-2015, was expected to reach full capacity of 63bn cubic metres a yearby 2017. The European Commission noted the pipeline project runs counter to the EU law, followingwhich Bulgaria suspended construction of its land until the scheme conforms to the EU requirements.

The project pipeline remains restricted and as such we are maintaining our current forecasts for minimalgrowth of less than 1% annually in total generation throughout the forecast period, with small gains innuclear, natural gas and renewables power compensating for declines in oil and coal fired generation.


BMI Industry View
Table: Headline Power Forecasts (Hungary 2015-2021)
SWOT
Industry Forecast
Hungary Snapshot
Table: Country Snapshot: Economic and Demographic Data (Hungary 2014-2019)
Table: Country Snapshot: Economic and Demographic Data (Hungary 2020-2025)
Table: Country Snapshot: Power Sector
Hungary Power Forecast Scenario
Thermal Generation And Capacity Forecast
Nuclear Generation And Capacity Forecast
Renewables Generation And Capacity Forecast
Electricity Generation And Power Generating Capacity
Table: Total Electricity Generation Data And Forecasts (Hungary 2014-2019)
Table: Total Electricity Generation Data And Forecasts (Hungary 2020-2025)
Table: Electricity Generating Capacity Data And Forecasts (Hungary 2014-2019)
Table: Electricity Generating Capacity Data And Forecasts (Hungary 2020-2025)
Electricity Consumption
Table: Total Electricity Consumption Data And Forecasts (Hungary 2014-2019)
Table: Total Electricity Consumption Data And Forecasts (Hungary 2020-2025)
Transmission & Distribution
Table: Electric Power T&D Losses Data And Forecasts (Hungary 2014-2019)
Table: Electric Power T&D Losses Data And Forecasts (Hungary 2020-2025)
Table: Trade Data And Forecasts (Hungary 2014-2019)
Table: Trade Data And Forecasts (Hungary 2020-2025)
Industry Risk/Reward Index
Regional Risk Reward Index
Hungary Power Risk/Reward Index
Rewards
Risks
Market Overview
Key Policies And Market Structure
Regulation And Competition
Pricing
Table: Half-yearly electricity and gas prices, second half of year, 2012-14 (EUR per kWh)
Hungary Power Projects Database
Competitive Landscape
MVM
MAVIR
MOL
EdF
E.ON
RWE
Electrabel
Company Profile
MVM
Regional Overview
Europe - CEE Power: Affordable Coal To Trump Renewables
Table: Turkey - Ambitious Renewables Targets
Glossary
Table: Glossary Of Terms
Methodology
Methodology And Sources
Industry Forecast Methodology
Sources
Risk/Reward Index Methodology
Table: Power Risk/Reward Index Indicators
Table: Weighting Of Indicators

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report