Breaking: Hungary has the most expensive electricity in Europe as of 11 November

As reported by Válasz Online, Hungary now has the highest electricity prices in Europe as of 11 November. The shortage has reached such a severe level that on Monday, oil-diesel power plants, which are typically reserved for emergency use, had to be brought online.

Despite the significant number of new solar panels installed in recent years, they are currently not generating sufficient power, Válasz Online reports. Additionally, maintenance work at the Mátra and Gönyű power plants has led to reduced production. Compounding the problem, the hydropower plants in the Balkans are struggling to operate due to drought conditions, disrupting Hungary’s usual energy imports during such times.

Válasz Online emphasised that this crisis is not the result of sanctions or the ongoing war but rather signals the failure of Hungary’s energy strategy. The publication also shared an image based on a report from T-Energy Consulting, showing that in Hungary, one megawatt-hour of electricity costs EUR 306.33. By comparison, the same amount costs between EUR 100 and EUR 170 in Western Europe, even less in Northern Europe, and around EUR 190 to EUR 270 in Eastern Europe.

According to 444.hu, in an interview with Tények, Prime Minister Viktor Orbán addressed questions about the competitiveness pact, stating, “the first and most important thing is to make decisions within six months that will lead to lower energy prices in Europe. Currently, in Hungary, households are paying the lowest prices for gas and electricity across Europe.”

Read also:

• Hungarian opposition leader Magyar asks the EU to assist Hungarians in paying increased energy and food prices
• Thousands of Russians arrive in Hungary to work on the Paks II project

Featured image: depositphotos.com