Electricity prices in Hungary 2024
In 2024, the average wholesale day-ahead electricity price in Hungary was 35.7 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 | 30,354 Ft | 30.4 Ft | 5,526 |
| February 2024 | 24,537 Ft | 24.5 Ft | 5,080 |
| March 2024 | 23,166 Ft | 23.2 Ft | 4,671 |
| April 2024 | 22,075 Ft | 22.1 Ft | 4,284 |
| May 2024 | 25,566 Ft | 25.6 Ft | 4,108 |
| June 2024 | 32,486 Ft | 32.5 Ft | 4,435 |
| July 2024 | 47,943 Ft | 47.9 Ft | 4,717 |
| August 2024 | 42,727 Ft | 42.7 Ft | 4,553 |
| September 2024 | 37,522 Ft | 37.5 Ft | 4,526 |
| October 2024 | 32,685 Ft | 32.7 Ft | 4,660 |
| November 2024 | 57,905 Ft | 57.9 Ft | 5,326 |
| December 2024 | 50,903 Ft | 50.9 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.