Electricity prices in Hungary 2024
In 2024, the average wholesale day-ahead electricity price in Hungary was 36.8 Ft /kWh (▼6% vs 2023). Below is the month-by-month breakdown plus a chart of how prices moved through the year.
Monthly breakdown — 2024
| Month | HUF/MWh | HUF/kWh | MW |
|---|---|---|---|
| January 2024 | 31,312 Ft | 31.3 Ft | 5,526 |
| February 2024 | 25,312 Ft | 25.3 Ft | 5,080 |
| March 2024 | 23,897 Ft | 23.9 Ft | 4,671 |
| April 2024 | 22,772 Ft | 22.8 Ft | 4,284 |
| May 2024 | 26,372 Ft | 26.4 Ft | 4,108 |
| June 2024 | 33,511 Ft | 33.5 Ft | 4,435 |
| July 2024 | 49,456 Ft | 49.5 Ft | 4,717 |
| August 2024 | 44,075 Ft | 44.1 Ft | 4,553 |
| September 2024 | 38,706 Ft | 38.7 Ft | 4,526 |
| October 2024 | 33,716 Ft | 33.7 Ft | 4,660 |
| November 2024 | 59,732 Ft | 59.7 Ft | 5,326 |
| December 2024 | 52,509 Ft | 52.5 Ft | 5,337 |
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.