What to Do at Times of High Gas Prices as a Customer? Go for a Contract with Exchange-based Prices!

This article sets out three main points:

  1. The gas prices have significantly jumped over the past two months on the wholesale markets, reaching multi-year-long highs
  2. The Hungarian Gas Exchange (called CEEGEX) has matured, becoming a reliable and transparent price reference for gas supply contracts in Hungary
  3. In light of the above, it might be worth for customers to sign up for a floating, exchange-based spot price reference instead of going with a high fix price contract.

The full article is only available in Hungarian, please switch languages to read: 

Energy Efficiency and Insulation Requirements of Buildings in Hungary

This article is about the energy efficiency and insulation requirements of buildings in Hungary. Since the beginning of 2018, the requirements have become stricter, so it is important to take note. Both in case of refurbishment of existing buildings and construction of new ones. All the tax deduction and other subsidy programmes require compliance with the law.

The full article is available in Hungarian only. Please switch language or call us for further info! 

The Issue of Regulated Gas Tariffs in Hungary

In this post we go around the politically charged topic of regulated end-user gas tariffs in Hungary, looking at the topic from three angles.

1) We attempt to shed some light on the real market price situation, coming to a conclusion that an open, competitive market pricing is a better option.

2) However, as energy poverty is a large problem in the country, some subsidies needs to be provided to the poor, so much so that we argue that for the ones in dire need, some quantity of gas free of charge could be a good idea, because it could drive people away from dirty fuels as well as serve as a good vehicle to reach out for these people with energy efficiency programs.

3) The strategic storage is financed solely by the business customers in Hungary, adding to their gas bill a total of EUR 55 million per year. This is hurting competitiveness. And we think that we could live without this storage as the risk of such a crisis is getting lowered with imminent EU regulation on the issue, less consumption, and more interconnectivity in the region. Hungary should scrap its strategic storage for good.

The full article is available in Hungarian. Please switch languages for access: 

Are Renewables Really Cheaper Than Conventional Power Generation?

How much does a new power plant cost? And how much will the power cost generated by it? There is much talk about the rise of renewables (by getting cheaper while nuclear getting more expensive) over the last decade, but what do the numbers show to us? We did the maths to shed some light on the real costs of both the renewable and conventional power plants.

(title: Total Cost of Energy of Various Power Plants, EUR/MWh)