Domestic electricity is clean and cheap

6/16/20 9:02 AM
Compared to European countries, Hungary is in second place in the electricity price competition. The price of electricity is more favorable only in Serbia.

Hungary is still among the firsts in the European electricity price competition. According to the data of the Hungarian Energy and Public Utility Regulatory Authority, the average electricity price in Hungary was 10.85 eurocents/kWh in May. Only in Serbia was it cheaper, 7.55 eurocents/kWh. In Austria, one of the neighboring countries that prefers renewables, consumers pay twice the Hungarian electricity price (20.99 eurocents/kWh). Denmark is the second most expensive country according to statistics (27.27 eurocents/kWh).

In Germany, which bases its energy mix mainly on renewable sources and rejects nuclear energy, the average price of electricity is three times higher than in Hungary: here the household consumer pays 32.65 eurocents for one kWh of electricity. With this price, Germany is the most expensive in the ranking.

Of the EU member states, Germany is not only the most expensive, but also leading in carbon emissions. Last year, Germany was ranked eighth among the 28 Member States of the European Union in terms of CO₂ emissions from the production of one MWh of electricity (starting with the most polluting one), which was not very illustrious. The EU has the most wind and solar capacity here, but due to the fluctuating production of weather-dependent energy sources, fossil power plants very often ensure the continuity of supply. Thus, in 2019, the production of one MWh of electricity in Germany may be associated with 40% more CO₂ emissions than in Hungary.

Based on ENTSO-E 2019 data