New Regulation of the Hungarian Seasonal Summer Capacity Regime for Natural Gas as of 1 October 2019. Changes Are Coming!

The Hungarian gas system has had a specific summer capacity booking regime – which allowed some specific customers who mainly consumed natural gas during the summer period to take advantage of significantly lower system usage fees (5% of the yearly fee for the whole summer, and in some circumstances for Q4). Now, however, the rules are getting tighter, and although the seasonal capacity regime stays in respect of DSO systems – not any more for the TSO though – it will get considerable more expensive as of Gas Year 19/20. This means it will not pay off for most. If you’re interested in the specifics, please switch to Hungarian or get in touch with us. 


Ultra-risks vs. Ultra-costs. Avoid Both with Wattler!

The article lists all the so-called ultra-risks, which are reportedly prevalent on the Hungarian gas market. Unfortunately there’s some truth to that – however, good news is that with Wattler you don’t run any contracting or pricing related risks, as our contract is short & simple, without any kind of fineprint or hidden traps. Also, as an extra, if you contract directly with us, you’ll avoid paying unnecessary extra procurement service fee or similar. For details, please see the article in Hungarian: 

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The Unstoppable (?) Rise of Gas Prices

Article about the recent moves on the gas market. Points made:
  1. Gas prices have skyrocketed to a 5 (or more)-year maximum. In Europe, but there’s a rise everywhere else, too.
  2. This is the result of many factors: rising demand in Asia, overall price increase of the energy complex, relatively low storage levels in Europe.
  3. The outlook is ambiguous as always. A lot of premium has been built up in these price levels, however all depends on the upcoming winter as well as on the volatile commodity market.

The full article is only available in Hungarian yet. Please switch languages to read: 

Szezonális földgáz kapacitáslekötés új szabályai

Az Energetikai Hivatal (MEKH) 2018. június 14-én kiadott rendelete választ ad a szezonális kapacitáslekötésekkel kapcsolatos nyitott kérdésekre. Röviden: a nem téli fogyasztási időszakra vonatkozó földgáz-kapacitások lekötésének rendszere alapvetően nem változik, azonban egyrészt kiszámíthatóbbá, másrészt drágábbá válik. Jó hír, hogy kikerül az a – felhasználók körében nem túl nagy népszerűségnek örvendő – szabály, hogy a nyári időszak+október fogyasztásának meg kell haladnia a nov. 1.- márc. 1-es időszakét. A novemberi és decemberi használat napi extraköltsége az 1/365-öd helyett azonban 2/365-re ill. 3/365-re módosulnak, ami extrém esetben azt is jelentheti, hogy a szezonális lekötés végül drágábbra jön ki, mint a hagyományos havi kapacitás. Az igazolásokat idén július 16-ig kell kérvényezni, méghozzá elektronikusan. További részletek a cikkünkben.

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Változások a földgáz elosztói díjakban 2018. október 1-től – Drágul, vagy olcsóbb lehet cége számára a gáz?

2018. október 1-től új gázév, új rendszerhasználati díjak! Míg a 2017/18-as gázévben lényeges átalakításokat eszközölt az Energetikai Hivatal a díjak szerkezetében (a témában közölt cikkünket itt találja), a következő 2018/19-es gázévre a díjszerkezet nem változik, a tarifa nagysága néhány esetben igen. A rendelet módosítása nemrég jelent meg, cikkünkben összegyűjtöttük a lényeges változtatásokat, melyeket érdemes áttekinteni – főként a szerződéskötés előtt álló felhasználóknak.

Continue reading “Változások a földgáz elosztói díjakban 2018. október 1-től – Drágul, vagy olcsóbb lehet cége számára a gáz?”

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: 

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: 

The Unbearable Needlessness of Nord Stream 2

The article points out the following:

  1. The planned Nord Stream 2 (NS2) pipeline would be a redundant gas transmission infrastructure for Europe.
  2. The Russians are presumably having political motivation behind, Central-Eastern Europe (CEE) are set to lose out by reduction of the alternative sourcing possibilities vis-à-vis Russian gas because of the elimination of the Ukrainian transit route.
  3. Gazprom is lining up considerable energy, funds and international support beside NS2. Adjacent pipline capacities from Germany down to Slovakia have beened reserved for 20 years at immense cost, the pipes are being built.
  4. The stakes are high, CEE, thus Hungary needs to have a Plan B.

We further argue that

  • EU Commission should obtain the requested mandate to negotiate the case with the Russian side, with the strong instruction that Nord Stream 2 shall only be commissioned in case of the cessation of Gazprom’s Russian gas export monopoly status. This could prevent the elimination of the transit route through Ukraine
  •  In case Nord Stream 2 is likely to be built in its current form and regulatory context, CEE (and Hungary) needs to reach out for and start developing the alternatives: Croatian LNG and adjacent pipe development, pipeline development from the direction of Romanian production (BRUA corridor), Polish-Slovakian interconnector. It’s important to point out that some of these investments (e.g. the LNG terminal) could be forgone in case of the continuation of Ukrainian transit flows, but NS2 poses too large of a risk. Especially for Hungary, where the extended long term contract is to expire at the end of 2019, the planned date for NS2.

The whole article is only available in Hungarian yet. To switch languages, click here: