A Hungarian Parliament has lifted a ten-year ban, bringing significant changes to energy supply.
The Parliament’s decision enabled the use of 8.69 billion forints in EU funds, which will be allocated to various energy projects in Hungary, such as grid development, wind farm construction, smart meter implementation, and building energy upgrades. The government’s goal is to create a diversified energy mix, which will reduce dependence on imports and make energy prices more predictable for households and businesses.
With a decision by the National Assembly, the path has been cleared for the use of 869 billion forints in EU funds, which will be allocated to network development, wind power plants, smart meters, energy-efficient renovations of buildings, and new geothermal projects in Hungary. The government’s aim is to create a diversified energy mix, which will significantly reduce dependence on imports while also making energy prices more predictable for households and businesses, according to a Facebook post by Minister of Economic Affairs and Energy, István Kapitány.
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