Electricity prices in Hungary 2023
In 2023, the average wholesale day-ahead electricity price in Hungary was 37.9 Ft /kWh (▼61% vs 2022). Below is the month-by-month breakdown plus a chart of how prices moved through the year.
Monthly breakdown — 2023
| Month | HUF/MWh | HUF/kWh | MW |
|---|---|---|---|
| January 2023 | 52,673 Ft | 52.7 Ft | 5,016 |
| February 2023 | 51,792 Ft | 51.8 Ft | 5,187 |
| March 2023 | 40,148 Ft | 40.1 Ft | 4,719 |
| April 2023 | 37,809 Ft | 37.8 Ft | 4,385 |
| May 2023 | 31,221 Ft | 31.2 Ft | 4,045 |
| June 2023 | 34,234 Ft | 34.2 Ft | 4,076 |
| July 2023 | 33,629 Ft | 33.6 Ft | 4,348 |
| August 2023 | 35,574 Ft | 35.6 Ft | 4,374 |
| September 2023 | 36,768 Ft | 36.8 Ft | 4,415 |
| October 2023 | 37,125 Ft | 37.1 Ft | 4,466 |
| November 2023 | 35,137 Ft | 35.1 Ft | 5,044 |
| December 2023 | 28,957 Ft | 29.0 Ft | 5,233 |
Hungary's electricity sector leans heavily on the four-reactor Paks nuclear plant, which delivers around 47% of generation — among the highest nuclear shares in the EU. The Paks-2 expansion with two new VVER-1200 reactors, contracted with Rosatom in 2014, has been repeatedly delayed by sanctions and financing obstacles; first concrete is now targeted for 2025. MAVIR, the national TSO, operates the HU bidding zone and runs the HUPX day-ahead market.
Solar capacity exploded from under 1 GW in 2020 to over 6 GW by 2025, accounting for ~25% of summer midday generation; the country's flat plains and cheap rural land made deployment exceptionally fast. Wind has been administratively frozen since 2016.
Hungary remains a large net importer, especially in winter, drawing on Slovak nuclear and Austrian hydro via the Continental European synchronous grid.