The average wholesale electricity price in August 2025 in Hungary is forecast to amount to***** euros per megawatt-hour. Hungary's electricity prices peaked in August 2022, at around ****** euros per megawatt-hour.

Hungary - Electricity prices: Non-household, medium size consumers was EUR0.21 Kilowatt-hour in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Hungary - Electricity prices: Non-household, medium size consumers - last updated from the EUROSTAT on August of 2025. Historically, Hungary - Electricity prices: Non-household, medium size consumers reached a record high of EUR0.30 Kilowatt-hour in December of 2023 and a record low of EUR0.06 Kilowatt-hour in December of 2017.

Non-household electricity prices increased in Hungary, both for large- and small consumers. In the first half of 2023, customers with an annual consumption of *** to ***** megawatt hours paid a *** euro kilowatt hour price. Electricity generation  Hungary’s energy sector is mostly reliant on nuclear electricity generation, coal, and natural gas, as well as importing electricity from neighboring countries, such as Austria, Ukraine, and Slovakia. The total amount of electricity generated in Hungary in 2020 reached **** terawatt hours, marking a slight increase compared to the previous five years. Nuclear energy  The Paks Nuclear Power Plant, Hungary’s only nuclear power station, started operating in 1982 and has played a crucial role in the country’s energy supply ever since. The power plant has four nuclear reactors that generate approximately half of the country’s electricity. With the support of the Hungarian government, a contract has been signed for expanding the power plant with two further nuclear reactors. However, according to the findings of a survey conducted in 2020, over half of the country’s population was against the expansion.

Hungarian electricity consumers experienced a decrease in the price of electricity from 2020 to 2022, with the price falling to 0.07euros per kilowatt hour (kWh) in the first half of 2022. However, prices increased again to 0.09 euros by the second half of the year and remained at the same level in 2023. Energy in Hungary Hungary uses a diverse range of fuels to generate energy. Nuclear plays a significant role in the Hungarian energy industry, with energy derived from nuclear sources making up nearly half of the country’s energy mix. Hungary’s capacity to generate energy from renewable sources has increased significantly in recent years, climbing from 582 megawatts in 2008, to 3,002 megawatts in 2021. Average electricity prices across Europe When it comes to the average price of household electricity prices in Europe, Hungary has the second lowest prices, following the Netherlands. Hungarian households with an annual consumption of 2,500 kWh to 5,000 kWh could expect to pay 10.03 euro cents per kWh in 2021. In the first half of 2021, Germany had the highest electricity prices of all European countries.

Energy commodity price inflation in Hungary increased significantly in 2022. Gas price inflation recorded the highest increase, reaching 120 percent in October 2022. Energy commodity prices have increased in light of the Russia-Ukraine war and an ongoing fuel supply shortage. However, since July 2023, energy commodity price inflation has shown a decline in the country.

In the first half of 2022, the electricity prices for household end users (including taxes, levies, and VAT) in Hungary did not change in comparison to the previous six months. The electricity prices for household end users (including taxes, levies, and VAT) remained at 0.03 euro cents per kWh.The prices include gas basic price, transmission, system services, meter rental, distribution and other services.Find more statistics on other topics about Hungary with key insights such as natural gas prices for household end users incl. tax.

Hungary - Gas prices: Non-household, medium size consumers was EUR16.67 Gigajoule (gross calorific value - GCV) in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Hungary - Gas prices: Non-household, medium size consumers - last updated from the EUROSTAT on September of 2025. Historically, Hungary - Gas prices: Non-household, medium size consumers reached a record high of EUR28.73 Gigajoule (gross calorific value - GCV) in December of 2023 and a record low of EUR5.78 Gigajoule (gross calorific value - GCV) in December of 2021.

Hungary HU: Residential Electricity Price: USD per kWh data was reported at 0.210 USD/kWh in 2021. This records a decrease from the previous number of 0.220 USD/kWh for 2020. Hungary HU: Residential Electricity Price: USD per kWh data is updated yearly, averaging 0.260 USD/kWh from Dec 1990 (Median) to 2021, with 32 observations. The data reached an all-time high of 0.390 USD/kWh in 2010 and a record low of 0.150 USD/kWh in 1994. Hungary HU: Residential Electricity Price: USD per kWh data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Hungary – Table HU.OECD.GGI: Environmental: Environmental Policy, Taxes and Transfers: OECD Member: Annual.

Graph and download economic data for Producer Prices Index: Economic Activities: Energy: Domestic for Hungary (HUNPIEAEN02GPQ) from Q2 1998 to Q4 2022 about Hungary, energy, PPI, price index, indexes, and price.

Gasoline Prices in Hungary increased to 1.70 USD/Liter in August from 1.69 USD/Liter in July of 2025. This dataset provides the latest reported value for - Hungary Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Hungary (CPGREN01HUQ657N) from Q2 1990 to Q3 2023 about Hungary, fuels, electricity, energy, gas, CPI, price index, indexes, and price.

Hungary HU: Natural Gas Price: NH: Between 1000000 & 3999999 GJ: excl Taxes & Levies data was reported at 0.060 EUR/kWh in Dec 2024. This records a decrease from the previous number of 0.068 EUR/kWh for Jun 2024. Hungary HU: Natural Gas Price: NH: Between 1000000 & 3999999 GJ: excl Taxes & Levies data is updated semiannually, averaging 0.029 EUR/kWh from Dec 2007 (Median) to Dec 2024, with 35 observations. The data reached an all-time high of 0.165 EUR/kWh in Dec 2022 and a record low of 0.018 EUR/kWh in Jun 2020. Hungary HU: Natural Gas Price: NH: Between 1000000 & 3999999 GJ: excl Taxes & Levies data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Hungary – Table HU.Eurostat: Natural Gas Price: Non-Household Consumers.

Hungary - Harmonised index of consumer prices (HICP): Electricity was 124.44 points in July of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Hungary - Harmonised index of consumer prices (HICP): Electricity - last updated from the EUROSTAT on September of 2025. Historically, Hungary - Harmonised index of consumer prices (HICP): Electricity reached a record high of 132.76 points in December of 2012 and a record low of 55.63 points in January of 2001.

Natural gas producers are facing turbulent times. Europe has traditionally relied on Russia and Norway as internal sources of natural gas, while countries such as the US, Qatar and Algeria are major sources of imports (although accounting for a much smaller share of overall consumption). Russia’s invasion of Ukraine has shaken up Europe’s natural gas supply structure, with European governments making efforts to reduce their dependence on Russian gas supplies. Revenue is forecast to swell at a compound annual rate of 16.2% to €113.9 billion over the five years through 2025. Revenue expanded in 2021 and 2022 as a sharp hike in natural gas prices and a post-pandemic rise in demand drove an increase in exploration and production activity. Russia’s invasion of Ukraine led to a spike in natural gas prices, with the impacts of reduced demand for gas and a decrease in Russian gas production outweighed by soaring wholesale prices and heightened demand for other natural gas reserves, spurring a jump in revenue. An ongoing reduction in demand for natural gas and easing prices caused revenue to dip in 2023 and 2024. In 2025, revenue is slated to bounce back by 53.3% owing to geopolitical uncertainties, including trade wars and fresh sanctions on Russia, buoying natural gas prices. Revenue is forecast to rise at a compound annual rate of 2.3% over the five years through 2030 to just under €128 billion. The gas market will continue to be shaped by geopolitical tensions into the medium term, with the International Energy Agency expecting natural gas prices to remain high until 2025 as countries continue to shift their supply structure. Following this, natural gas demand and prices are set to fall as Europe continues to expand its renewables capacity.

Electricity prices in Europe are expected to remain volatile through 2025, with Italy projected to have some of the highest rates among major European economies. This trend reflects the ongoing challenges in the energy sector, including the transition to renewable sources and the impact of geopolitical events on supply chains. Despite efforts to stabilize the market, prices in countries like Italy are forecast to reach ****** euros per megawatt hour by February 2025, indicating persistent pressure on consumers and businesses alike. Natural gas futures shaping electricity costs The electricity market's future trajectory is closely tied to natural gas prices, a key component in power generation. Dutch TTF gas futures, a benchmark for European natural gas prices, are projected to be ***** euros per megawatt hour in July 2025. The reduced output from the Groningen gas field and increased reliance on imports further complicate the pricing landscape, potentially contributing to higher electricity costs in countries like Italy. Regional disparities and global market influences While European electricity prices remain high, significant regional differences persist. For instance, natural gas prices in the United States are expected to be roughly one-third of those in Europe by March 2025, at **** U.S. dollars per million British thermal units. This stark contrast highlights the impact of domestic production capabilities on global natural gas prices. Europe's greater reliance on imports, particularly in the aftermath of geopolitical tensions and the shift away from Russian gas, continues to keep prices elevated compared to more self-sufficient markets. As a result, countries like Italy may face sustained pressure on electricity prices due to their position within the broader European energy market.

Graph and download economic data for Harmonized Index of Consumer Prices: Overall Index Excluding Housing, Water, Electricity, Gas, and Other Fuels for Hungary (00XHOUHUM086NEST) from Dec 2000 to Jul 2025 about Hungary, water, fuels, electricity, harmonized, gas, CPI, housing, price index, indexes, and price.

Graph and download economic data for Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Hungary (CPGREN01HUM657N) from Feb 1990 to Nov 2023 about Hungary, fuels, electricity, energy, gas, CPI, price index, indexes, and price.

HU: Electricity Price: NC: NH: Between 20 & 499 MwH: excl Taxes & Levies data was reported at 97.903 HUF/MWh in Dec 2024. This records an increase from the previous number of 89.496 HUF/MWh for Jun 2024. HU: Electricity Price: NC: NH: Between 20 & 499 MwH: excl Taxes & Levies data is updated semiannually, averaging 30.297 HUF/MWh from Dec 2007 (Median) to Dec 2024, with 35 observations. The data reached an all-time high of 121.682 HUF/MWh in Jun 2023 and a record low of 24.352 HUF/MWh in Jun 2017. HU: Electricity Price: NC: NH: Between 20 & 499 MwH: excl Taxes & Levies data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Hungary – Table HU.Eurostat: Electricity Price: Non-Household Consumers.

Hungary - Producer prices in industry: Electricity, gas, steam and air conditioning supply was 240.30 points in May of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Hungary - Producer prices in industry: Electricity, gas, steam and air conditioning supply - last updated from the EUROSTAT on July of 2025. Historically, Hungary - Producer prices in industry: Electricity, gas, steam and air conditioning supply reached a record high of 312.70 points in December of 2022 and a record low of 24.20 points in February of 2000.

Hungary - Producer prices in industry: MIG - energy (except sections D and E) was 164.00 points in June of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Hungary - Producer prices in industry: MIG - energy (except sections D and E) - last updated from the EUROSTAT on September of 2025. Historically, Hungary - Producer prices in industry: MIG - energy (except sections D and E) reached a record high of 227.00 points in September of 2022 and a record low of 15.80 points in January of 2000.