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Power Exchange to begin operations on July 20
Wednesday 15:48, July 7th, 2010
The Hungarian Power Exchange (HUPX) will launch on July 20 after an experimental period with 17 participants trading for free, exchange operator HUPX Magyar Szervezett Villamosenergia-piac Zrt told MTI on Wednesday.

Plan to build power plant near Hungarian border nixed for good

14:03, Jul 15 | Slovakian authorities have rejected a plan by energy giant CES to build a coal-fueled power plant near the border with Hungary that locals in both countries feared would pollute the air and harm one of the area's most famous wine-growing regions.

Electricity use continues to rise

10:35, Jul 15 | Electricity use in Hungary peaked around 6,159 megawatts on Wednesday as people battled the summer heat with air conditioners, but reserves are still enough to meet demand, transmission system operator Mavir told MTI.

Electricity use peaks around 6,000MW as temps rise

15:16, Jul 12 | Electricity use in Hungary peaked around 6,000MW on Monday as people battled the summer heat with air conditioners, but reserves are still enough to meet demand, transmission system operator Mavir told MTI around noon.

Energy bourse launch postponed to give participants time to practice

09:34, Jul 1 | The planned launch of the Hungarian Power Exchange (HUPX), originally set for July 1, could be pushed back by one or two weeks to give market players more time to practice trading with the new system during the test phase, HUPX communications director Krisztina Iványi told Econews.

E.ON power plant connected to grid

14:45, Jun 23 | German utilities giant E.ON's HUF 5.5 billion combined-cycle power plant in Gönyű was connected to Hungary's electricity grid.

E.ON to make steeper electricity price cut from July

08:10, Jun 1 | E.ON Hungária will reduce electricity prices for both retail and corporate consumers from July 1 by more than the 3.5% cut it made in January, spokesman István Kutas told MTI.

Household electricity prices to drop about 5% from July

11:43, May 27 | Household electricity prices are set to fall about 5% from July 1, daily Magyar Nemzet reported on Thursday, citing market sources.

Troubled Vértesi Power Plant calls EGM

15:27, May 5 | The troubled Vértesi Power Plant on Wednesday called an extraordinary shareholders meeting for May 18.

MAVIR throws switch for Győr-Vienna high-voltage power line

14:34, May 4 | Hungarian transmission system operator MAVIR and its Austrian partner Verbund-Austrian Power Grid threw the switch for a 400kV power line between Szombathely and Vienna on Tuesday.

European Commission approves compensation for Hungarian power generators

13:14, Apr 27 | The European Commission on Tuesday said it approved an aid scheme by the Hungarian state to compensate power companies for “certain costs” resulting from the termination of long-term power purchase agreements.

MVM assets rise HUF 100 bln over past two years

15:52, Apr 21 | The assets of state-owned Hungarian electricity works MVM have risen by HUF 100 billion over the past two years as a result of acquisitions and developments, MVM CEO Imre Martha told MTI.

MVM expects to acquire stakes in electricity distributors by mid-year

08:05, Apr 19 | The state-owned Hungarian electricity works MVM expects to acquire stakes in German utilities giant E.ON's electricity distributors in Hungary by the middle of the year, MVM CEO Imre Mártha told MTI.

MVM to pay remaining dividend in August

12:58, Apr 13 | State-owned Hungarian Electricity Works (MVM) will pay a total of HUF 35.1 billion in dividend on 2009, of which it had paid out HUF 20 billion as advance dividend last year, MVM told MTI on Tuesday.

Mavir to complete three power-line investments over next year - newspaper

12:55, Apr 2 | Hungarian state-owned transmission-system operator Mavir will complete construction of three power lines over the next year, the business daily Világgazdaság reported.

EBRD boosts security of energy supply in Baltics

15:24, Mar 10 | The EBRD is stepping up its support for the creation of a modern power system in the Baltic region with a €150 million loan for the construction of a state-of-the-art gas turbine facility in Latvia following the closure of the Ignalina Nuclear Power Plant.

Hungary, Croatia sign agreement on cross-border power line

08:06, Feb 18 | The energy ministers of Hungary and Croatia signed a cooperation agreement on building and operating an electrical power line between the two countries in Budapest.
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Controls placed on MVM's choice of business partners

16:45, Feb 16 | An extraordinary shareholders meeting of the state-owned Hungarian electricity works MVM has amended the company's articles of incorporation to introduce tighter controls over its choice of business partners, MVM told MTI.

Obama to announce loan help for nuclear power

13:51, Feb 16 | The Obama administration, advancing nuclear power use to help cut greenhouse gas emissions, will announce an $8.3 billion loan guarantee to help Southern Co build two reactors, a government official told Reuters.