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Overview of the latest developments of the Hungarian energy market. Mr. György Hatvani Deputy State Secretary of energy and industry Ministry of Economy and Transport HUNGARY Black Sea Energy Conference 3-5 April, Bucharest. Primary energy sources balance in 2005.

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overview of the latest developments of the hungarian energy market

Overview of the latest developments of the Hungarian energy market

Mr. György Hatvani

Deputy State Secretary of energy and industry

Ministry of Economy and Transport

HUNGARY

Black Sea Energy Conference

3-5 April, Bucharest

general characteristics of the hungarian electricity industry in 2005
General characteristics of the Hungarian electricity industryin 2005
  • Gross electricity consumption:41.2 TWh
  • Import demand: 6,2 TWh
  • Built-in power plant capacity:8700 MW
  • Peak load:6439MW
  • Yearly consumption increase1,5-2% in the years 2005-2020
slide7

Key questions of the electricity market1.

  • Establishment of the TSO
      • the TSO is a subsidiary of the MVM Holding company
      • control, governance and budgetary mechanisms as well as legal regulations for unbundling of different activities was created
  • Amendment of the dual market model
      • single (free) market model simultaneously introducing the universal service supplyfor the households and S&Ms
slide8

Key questions of the electricity market2.

  • DG-COMP investigation regarding the Hungarian PPA System
      • the most urgent objectives in the mid of the ’90s was to ensure the security of supply at least costs, the modernisation of the infrastructure with particular regard to the prevailing standards of environmental protection
      • the PPA system fulfilled its role regarding the modernisation of the power plants system in Hungary
      • do the PPAs themselves constitute forbidden State aid to the power generators?
      • the Hungarian Government is ready to cooperate with DGCOMP to find an acceptable solution by amending the system adapting to the Treaty
slide9

Key questions of the electricity market3.

  • Latest EU targets regarding the renewable energies and energy efficiency
      • The new indicative target regarding the share of renewable energies by 2015 is 15%
      • Hungary has already fullfild its former undertaking by 2005
      • The current share of the renewable energies in the total and in the electricity consumption is 5,2 and 4,5 respectively.
      • The indicative target of energy saving potential is 20% by 2020
      • The EU shall pay more attention to the CEE countries substantial need of economic growth
general characteristics of the hungarian natural gas industry in 2005
General characteristics of the Hungarian naturalgas industryin 2005
  • The gas consumption of Hungary is 13 billion m3 annually, which is about 40% of the country’s energy consumption
  • 80% of the consumed gas comes from import, the import dependency is steadily growing
  • Hungary has two import intake routes, but the source of the import is exclusively the Russian Federation
slide12

Conditions of natural gasmarket extension1.

  • Demand side
    • (The consumers are interested in the opening of the gas market, there is a real need, they are able to raise demand.)
  • Supply side
    • (Apart from MOL Ltd, only 1 gas trader could come up, who is selling also Eastern gas, and it is not expected, that a new actor will enter the market.)
  • Infrastructure

The development of the Hungarian gas system is reasonable, it is also justified by the security of supply, besides the commercial and market widening expectations.

The capacity of the Hungarian gas system is 96 Mm3/day. On 9 February 2005, every former demand record was broken: on that day the consumption was 91,65 Mm3 (-7,3oC).

slide13

Conditions of natural gasmarket extension2.

  • Eliminating the infrastructural barriers taking into also consideration the recent regionalgas supply problem at thebeginning of 2006
    • construction of new cross-border capacities:

MOL Ltd. is analyzing the interconnection of the Hungarian-Slovakian, and the Hungarian-Romanian gas networks. The Nabucco project is currently under preparation

    • for security of supply reasons it is also essential to connect the national systems
    • extension of the underground gas storages, building emergency underground gas storage facilities
    • diversification of gas import supply: the competition could only be boosted substantially, when new gas supply sources will be available for the Central European Region: Nabucco or new Mediterranean or north Adriatic LNG terminals